'Spiraling' compliance costs hammer hedge-fund startups in Singapore

But there might be a solution.

According to Bloomberg, when Gaurav Bansal’s lawyers told him about Singapore’s tightened hedge-fund rules introduced in August 2012, he faced the prospect of spiraling costs to meet the demands for starting his own fund.
The solution was to sign up with Swiss-Asia Financial Services Pte, which provides infrastructure, office space and services to meet compliance requirements and is licensed by the Monetary Authority of Singapore.

Read full report here.

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