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Singapore to launch new corporate structure for investment funds

The VCC aims to woo more fund managers to base their funds and run fund management activities here

Published Thu, May 9, 2019 · 09:50 PM

Singapore

A NEW corporate structure for investment funds that will put Singapore in the same league as other global fund hubs will be launched later this year, said Education Minister Ong Ye Kung on Thursday.

The structure, known as the variable capital company or VCC, is aimed at enticing more fund managers to base their funds and run their fund management activities in Singapore.

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