Managing Partners Ltd (MPL), boutique fund manager, is opening an office in Singapore to offer institutional and high net worth investors in the region investment in traded life policies (TLPs).
MPL has registered its Traded Policy fund with the Monetary Authority of Singapore, ahead of its Far East launch. Jeremy Leach, managing director at MPL, said: “We chose Singapore because it is a sophisticated financial centre at the heart of Asia and an ideal location to expand the marketing of our products in the Far East. “The Far East has been less affected by the credit crunch economically than Europe, but the region has experienced the same negative sentiment in equity markets, and Asian investors, not least the increasingly significant sovereign wealth funds, are seeking alternativ...
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