Man Group partners with Singapore’s Endowus
Man Group has partnered with Singapore-based wealth management platform Endowus to bring its credit offerings to clients in Hong Kong and Singapore.
Through this partnership, Endowus will provide access to Man Group’s differentiated solutions under its global credit platform, which manages $35bn (£37bn) in credit assets, ranging from discretionary long-only to alternative credit strategies.
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“Man Group has an established history and legacy globally, and Endowus is proud to be their first strategic partnership with a digital wealth platform in Hong Kong and Singapore,” said Samuel Rhee, chairman and group chief investment officer of Endowus.
“We set out to provide the most comprehensive investment solutions to our clients and this partnership adds to our growing arsenal of alternatives that enable our clients to build strong and resilient portfolios.”
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“Asia’s private wealth market is expanding rapidly, and Singapore and Hong Kong are at the forefront of this growth,” said Mark Bedford, global head of wealth at Man Group.
“As investors increasingly seek credit strategies of an institutional quality, to diversify their portfolios, we see an immense opportunity to bring our expertise to this area.”
The Endowus Group comprises Endowus’ licensed companies in Hong Kong and Singapore, as well as Hong Kong-based multi-family office Carret Private.
With group assets of over $7bn, it is one of the largest independent wealth managers in Asia.
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