The Monetary Authority of Singapore (MAS) announced on August 19 three new measures to lure and retain top-tier asset managers: a targeted tax exemption on carried interest and performance fees, a new hedge fund investment program backed by MAS capital, and an upgraded ONE Pass visa for elite talent. These measures are a direct response to Hong Kong’s tax reforms announced in June 2026. Singapore’s asset management sector currently manages nearly S$7 trillion in assets under management, growing at approximately 7.5% annually over the past five years, contributing around 15% to financial sector output and supporting 25,000 jobs.
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