the Two hedge funds are now under new, licensed, management
The Monetary Authority of Singapore (MAS) has lifted its suspension of recognition of two hedge funds previously managed by Charles Schmitt and Associates. The CSA Absolute Return (Dublin) and CSA Absolute Return Plus funds were suspended by MAS on 18 June 2004 after the Hong Kong Securities and Futures Commission prohibited Charles Schmitt and Associates, the manager of the two funds, from carrying out fund management, investment advisory and corporate finance activities from 15 June 2004. The Hong Kong Securities and Futures Commission was concerned that client assets "might have been ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
