Daily Briefing: Singapore grants troubled Hanjin port access; Large hedge funds set up units in the city state

Bond regulators are urged to revisit definition of “accredited" investor.

The High Court of Singapore came to the rescue of distressed Hanjin Shipping, granting the large South Korean company’s fleet safe passage into the city-state without fear of being impounded due to its $5.37 billion debt. Read more here.

Large hedge funds are seeking new areas of growth as Brevan Howard Asset Management, Caxton Associates, and Balyasny Asset Management incorporated units in Singapore this year to expand their footprints in Asia amidst the industry’s struggle to generate money and retain investors. Read more here.

Bond regulators in the Lion City are urged to rethink the qualification of an accredited investor as some Singaporeans who look rich on paper are forced to make riskier investments as in the case of Swiber’s bondholders. Read more here.