Cambridge Associates to offer discretionary services in Singapore

The capital markets license required to enter the discretionary space was awarded by the Monetary Authority of Singapore last month.

"We are now better able to meet a need among investors in Asia Pacific by providing a discretionary solution that is a compelling alternative to fund-of-funds. While some clients will delegate decision-making authority across all asset classes, others will elect to use our discretionary services for only their alternative assets," said Alvin Tay, managing director of Cambridge Associates Asia.

The company has been offering discretionary services on a global basis for over a decade and now has more than $11.5 billion under management.

The company has four offices in the region - two in Singapore, one in Beijing and one in Sydney. The second Singapore office opened in October 2012 to accommodate professionals in the manager information and performance reporting groups.

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• Topics
• LPs
• Advisory
• Southeast Asia
• Singapore
• professional services
• LPs
• Cambridge Associates
• Asia