Hedge-fund startups adapt to MAS rules
To cut costs, they turn to licensed platforms that provide office space and services to meet compliance requirements
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WHEN Gaurav Bansal's lawyers told him about Singapore's tightened hedge-fund rules introduced in August 2012, he faced the prospect of spiralling costs to meet the demands for starting his own fund.
The solution was to sign up with Swiss-Asia Financial Services Pte, which provides infrastructure, office space and services to meet compliance requirements and is licensed by the Monetary Authority of Singapore (MAS).
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