Singapore fund targets Far East opportunities


A prominent Singaporian family became disillusioned with its private bank and wanted an independent investment team to manage it portfolio actively.

The investment team was brought together by fatigue of red tape common with large managers.

The combination of these two factors led to the creation of RIM in December 2003.

It has now grown from that one family and four staff to servicing 11 families with 15 staff. At the end of March 2009, the total assets under management were $150 million.