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Singapore investment managers adopt high standard of risk and performance assessment: IMAS

The study surveyed 37 fund houses with a combined AUM of $93b

A new report by the Investment Management Association of Singapore (IMAS) showed fund houses in the city-state maintain a high standard of risk and performance assessment.

38% of the companies currently have a designated CRO to oversee risk this year, much higher than the levels seen during the two previous surveys in 2021 (29%) and 2018 (32%), its Survey of Risk and Performance Practices 2024 showed.

Meanwhile, companies primarily task either their CEO, CIO, or COO to handle performance monitoring.

In environmental risk management, more than a third said they have a designated CSO or Head of ESG or sustainability.

The frequency of monitoring the performance of their portfolios has also shown encouraging results with the majority saying they conduct reviews on a monthly or quarterly basis.

40% of the fund houses maintain a quarterly performance review, up from 23% in 2021, while 45% do it every month versus 71% in 2021.

5% said monitoring is done daily, 5% have it scheduled twice a year while the remaining 5% do not have a scheduled formal portfolio performance review.

The survey polled 37 fund houses in the city-state with a combined AUM of $93b.

ESG, millennials, and ageing savers were previously considered the top investment drivers of fund managers in an earlier 2022 study by IMAS

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