Asset managers find due diligence solution in virtual realm

Singapore

ASSET managers are turning to new ways to raise funds to get around travel bans, and hosting virtual due diligence sessions with investors in place of face-to-face meetings.

Even as physical meetings with clients are allowed from this Friday as Singapore moves into Phase 2 of the its economic reopening, some of the practices adopted during the "circuit breaker" and Phase 1 periods may continue to be the order of the day.