Singapore IAM to reopen trade finance fund targeting UHNWIs (CityWire Asia)The fund is not distributed by private banks, but has been set up for sale on the platform at Bank of Singapore, UBS and Safra Sarasin. Lighthouse Canton will reopen its trade finance fund with an additional capacity of SGD 20 million ($14.85 million) starting 1 June.
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The LCV Trade Finance fund, which is mainly targeted at ultra-high net worth individuals, as well as family offices and institutions, was launched in June 2018 and reached SGD 20 million ($14.85 million) before it was soft-closed on 1 March.
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Managed by Sanket Sinha and Sanyukta Desai, the fund has an annualized return of 6.38% for the SGD share class, and 7.53% for the USD hedged share class as at end-February.
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