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Singapore reprimands 3AC for providing false information
2022.06.30 21:21
Singapore reprimands 3AC for providing false information
The Monetary Authority of Singapore (MAS) has reprimanded Three Arrows Capital (3AC), a battled hedge fund, for providing inaccurate information to the authorities. In a statement published Thursday, the MAS said that the firm violated capital requirements by having assets under management in excess of the permitted amount.
When 3AC was registered as a fund management company in Singapore in 2013, it was allowed to manage funds for up to 30 investors worth up to $180 million. The fund had previously informed MAS that it was changing its management to the British Virgin Islands.
