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Local fund manager Aggregate upgraded

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 could not accept new monies and top-ups from both new and existing investors.

With the CMS licence, there is now no cap to the funds it can raise. However, its flagship Aggregate Value Fund is still only available to...

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