(Reuters) Fund managers in Singapore saw a 9 percent increase in assets under management to S$2.6 trillion ($1.90 trillion) in 2015, buoyed by growth in the alternative asset sector, the city-state’s central bank said on Wednesday.
Assets under management (AUM) at alternative asset managers grew 29 percent to S$410 billion, while traditional asset managers saw their AUM increase by a more modest 4 percent, the central bank said.
“These trends illustrate the crossroads facing the asset management industry: Interest rates, which have been low for several years, look likely to remain lower for longer,” the Monetary Authority of Singapore (MAS) said in its annual survey of asset managers.
