Tiger Fund Management sees strong start with more than SGD 300m in AUM

September 14, 2023 - 04:23
Tiger Fund Management sees strong start with more than SGD 300m in AUM
  • Tiger Fund Management received its Capital Market Services, Fund Management license registered and regulated by the Monetary Authority of Singapore (MAS) in May 2023.
  • Tiger Fund Management has inked a memorandum of understanding with Tiger Brokers (Singapore) and Yuanta Securities (Hong Kong) to collaborate on a variety of products and services, including the launch of a money market fund in late 2023.
  • Former Tiger Brokers (Singapore) CIO Mr Jeremy Tan has been appointed CEO of Tiger Fund Management, where he will establish the group's fund management and wealth management capabilities.
SINGAPORE - Media OutReach - 14 September 2023 - Tiger Fund Management (TFM), an affiliate of Tiger Brokers (Singapore), today announces its official launch having been granted a Capital Market Services, Fund Management license registered and regulated by the Monetary Authority of Singapore (MAS) in May 2023. At present, TFM has secured over SGD 300 million of assets under management (AUM) and continues to attract keen investor interests.
Leveraging Tiger Group's technology capabilities and product excellence into a competitive advantage, TFM's offering will include a range of asset management products and wealth management services to individuals, businesses, and institutions.
"The launch of TFM represents a significant milestone for the Tiger Brokers group, marking its entrance into the fund management space and signifying the progress it has made in Singapore and the wider region," said Henry Toh, CFO of Tiger Brokers (Singapore). "As part of our long-standing commitment to offering more efficient, innovative and holistic financial services, TFM aspires to deliver exceptional value serving the needs of our clients and capturing growth opportunities in these strategically important business areas."
In conjunction with its official launch, TFM has also inked a tripartite memorandum of understanding (MOU) together with Tiger Brokers (Singapore) and Yuanta Securities (Hong Kong), a leading securities house providing wealth management service and brokerage business in Asia. The MOU builds upon TFM's commitment to furthering its relationship with diverse funds and broadening the scope of its offerings. This partnership also marks Yuanta Securities (Hong Kong)'s first-ever collaboration with a Singapore-based fund management firm.
Together, this partnership leverages the combined strengths and trusted brands of the three entities to offer top-tier products and services. A money market fund, managed by TFM and advised by Yuanta Securities (Hong Kong), is slated to be launched in late 2023, aiming to provide customers with liquidity and risk management while potentially offering returns comparable to that of USD short‐term deposits.
Jeremy Tan, CEO of Tiger Fund Management, said: "Our MOU with Yuanta Securities (Hong Kong) paves the way for potential collaborations in the future and puts us in an excellent position to build on everything we have achieved. Looking ahead, we will continue to work together on investment and fund-raising activities for all joint fund launches, starting with the money market fund later this year, and will look into the possibility of establishing other funds in Asia relevant to our clients."
Before joining TFM, Mr Tan was chief investment officer (CIO) of Tiger Brokers (Singapore), where he was responsible for strategic and tactical asset allocation and instrumental in providing thought leadership market commentaries on the outlook for global financial and capital markets. He also helmed the investment committee for securities and fund selection. Prior to that, Mr Tan was formerly at United Overseas Bank Limited, where he was responsible for managing multi-billion-dollar discretionary global investment mandates for high-net-worth individuals and family offices. He was also involved in fund management for institutional investors for Mitsubishi UFJ Trust and Banking Corporation and Harvest Global Investments Limited.
Hashtag: #TigerFundManagement

The issuer is solely responsible for the content of this announcement.

Tiger Fund Management

Tiger Fund Management Pte Ltd ("Tiger Fund Management") is a fund manager operating with a Capital Market Services, Fund Management license from the Monetary Authority of Singapore (MAS) and is an affiliate of Tiger Brokers (Singapore). Tiger Fund Management currently offers a range of asset management products and wealth management services, including discretionary portfolio management products and various family office solutions.
Tiger Brokers (Singapore) Pte Ltd
Tiger Brokers (Singapore) Pte Ltd ("Tiger Brokers (Singapore)") is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade – available on both online and mobile app (Apple App Store and Google Play Store) offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. Its online and mobile app trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates.
Through Tiger Trade, Tiger Brokers (Singapore) offers retail investors in Singapore access to six global exchanges in the US (NYSE, NASDAQ), China (Shanghai/Shenzhen-Hong Kong Stock Connect), Hong Kong (HKEX), Singapore (SGX) and Australia (ASX), with access to investment offerings such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) equities, and Fund Mall.
Tiger Brokers (Singapore) is the Singapore entity of UP Fintech Holding Limited (NASDAQ: TIGR), known as "Tiger Brokers" in Asia, a leading online brokerage firm focusing on global investors. The group currently serves over 9 million users and over 2 million account holders worldwide on our flagship platform "Tiger Trade", own 70 licenses and qualifications in different markets, and have over 1,000 employees on the team in Hong Kong, Singapore, New Zealand, the US, Australia, and Mainland China.
Tiger Brokers (Singapore) has also been recognised at the 2023 SBR Technology Excellence Awards for Fintech – Financial Services, and Best Customer Service Award 2023.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Any views shared with Prospective Clients ("Prospects") are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects' investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives, and circumstances.

E-paper