Teens wanted by Singapore hedge fundsMarch 2021
Singapore-based hedge funds are training teenagers as they struggle to find adults with the right skills to meet rising demand for asset management.
Wealthy people are increasingly moving their assets to Singapore, partly because they’re leaving Hong Kong due to political turbulence there, reports Bloomberg. That means more people in Singapore need help with how to invest their money.
Asset management firms need more employees and could import professionals from places such as the EU or the US. Still, Singapore’s government is giving incentives to encourage the hiring locals.
As most adult Singaporean asset managers already have jobs, one thing firms are doing is offering training programs for teenagers so they can learn the right skills and become employable in the near future.