Aberdeen has assumed responsibility for the management of The Singapore Fund, Inc, effective 6 August, 2011 – a closed-end investment company listed on the New York Stock Exchange with current total assets of USD162 million.
"We are truly delighted to be appointed by The Singapore Fund. The decision is a positive and tangible recognition of our knowledge and experience of investing in the Asia-Pacific region," says Gary Marshall, Head of the Americas at Aberdeen. "Aberdeen established its presence on the ground in Asia in 1992 when it set up its Asian regional headquarters in Singapore, and we’ve expanded our capabilities in the region ever since. Our investment managers have visited over 1,000 Asian companies this year alone and we look forward to applying that in-depth regional knowledge to the shareholders of The Singapore Fund."
Aberdeen Asset Management is the parent company of an asset management group managing assets for both institutional and private clients from offices around the world. Aberdeen Asset Management Asia Limited, based in Singapore and a subsidiary of Aberdeen, is the Fund’s manager. Singapore is the head office of Aberdeen’s Asian operations with more than 150 investment professionals in Singapore, Sydney, Bangkok, Kuala Lumpur, and Hong Kong.