Singapore VCC Update

In 2018, the government of Singapore passed legislation to create the Variable Capital Company or VCC, a flexible legal entity structure for investment funds, with the support of the country’s regulatory agency, the Monetary Authority of Singapore (MAS). The goal was to encourage more managers, both local and global, to incorporate investment funds in Singapore, as well as to develop Singapore as a global fund domicile, on a par with the Cayman Islands, Dublin or Luxembourg.
How has the VCC progressed on these goals? What is the status of fund management in Singapore today? And what does the future hold for the VCC concept? To answer these questions, SS&C spoke to two experts on the Singapore asset management sector.