SINGAPORE: A small but rising number of hedge funds are being established to help finance the boom in online and peer-to-peer lending across South-East Asia.
Pilgrim Asia Consumer Finance Fund, founded by Brian Yonghui Tan and Paul Sheng, aims to raise up to US$20mil in its first year and generate a return for investors of around 8% per annum. It will charge a 2% management fee.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!