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Local fund manager Aggregate upgraded

Fom left: Wong Seak Eng, Kevin Tok, Eric Kong and Teh Hooi Ling of Aggregate Asset Management. Ms Teh says: "Investors like our fund because there is alignment of interests, in that we only get paid when we deliver returns to investors."

HOMEGROWN Aggregate Asset Management has secured a capital markets services (CMS) licence, an upgrade from its former boutique status which capped the amount of funds it could raise.

Over the past seven months, while awaiting licence approval from the Monetary Authority of Singapore, it...