Good news to all young and talented fund managers in the country. Securities Commission of Malaysia (SC) further liberalize the capital market by introducing a new category of fund management license recently called "boutique fund management" license.
What's so exciting about it?
Citing encouraging entrepreneurship and competition within the industry, this new license could propel the fund management business to another height. Below table shows the major differences between full-fledged vs boutique fund management firm:
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| Difference between Full fledged and Boutique fund management frim |
What's sophisticated investors?
It's referring to high net worth individuals and high net worth entities. Gross income must have at least RM 300,000 or net tangible assets of RM 3 million excluding own stay property.
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