Assets under the management of Singapore financial institutions soared by a third last year to more than US$800 billion (about $1.17 trillion)… Singapore had US$500 billion in offshore assets under management last year…
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As if this is a lot. What does this mean for Singaporeans?
A typical US$500M fund would employ 15-20 people to manage.
A typical US$2,000M fund would employ 20-30 people to manage.
A typical US$2,000-10,000M fund would employ 30-50 people to manage.
So much asset under management does not translate more jobs. Even if there are jobs, the jobs usually go to non-Singaporeans as fund management is a pretty specialised job.
How about this year?
What all the money got to do with me? I can get some is it?
So what? Is that something to boast about?
“So what? Is that something to boast about?”
well, they just tried to do so. =)
Good news for all the money launderers in the world. One more place for them to stash their money. Better still if they are from Indonesia.
Government-linked institutions? If so, probably a large percentage is wipe out in the current financial crisis.
“China is injecting 4 trillion Yuan into their economy. The two-year spending initiative will inject funds into 10 sectors, including health care, education, low-income housing, environmental protection, schemes to promote technological innovation, and transport and other infrastructure projects.” Hey that is like a quarter of China’s reserves, that is something to boast about !
We boast about the “Retraining” Package and how much we have in reserves.
Does secrecy law means non-disclosure?
paiseh, i meant secrecy rules.
aiyoyo
‘show’ is one thing,
but the real thing is to help commoners (make good use of the $$).
think ultimately commoners also contribute to the $$ that ELITEs ‘show’, correct?
aiyoyo
They always blow trumpet so loud and boast about themselves but how much money they’ve lost in their investments in total till today, they keep very quiet. Why? one wonder how much is actually around still in our nation reserve, hopefully!