The Singapore regulator said Three Arrows Capital had given them false information and exceeded the allowable threshold for assets under management.
The Monetary Authority of Singapore (MAS) issued a statement yesterday about Three Arrows Capital, which was stated to be liquidated by the court. In the statement, there were statements that the company gave them false information and that the company exceeded the allowable threshold for assets under management. The regulator had licensed the hedge fund in 2013 provided its assets did not exceed $250 million.
According to the agency, the company exceeded this threshold between July 2020 and September 2020, and between November 2020 and August 2021. The company also did not report any changes in management and shareholders.
In the statement in question, it was noted that it was also examined whether there were other violations due to speculations about the company’s inability to pay its debts.
