Rhicon Currency Management Pte Ltd (Singapore)
Rhicon Currency Management Pte Ltd is a large advisory firm based in Singapore. It manages $815.87 million of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2016.
Rhicon Currency Management Pte provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Rhicon Currency Management Pte: assets under management
The assets under management (AUM) of Rhicon Currency Management Pte Ltd is $815.87 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 39% since the beginning of its operation, and $730.87 million of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in cash and cash equivalents the most. They account for 95% of the total AUM. The second-largest asset type is derivatives, which make up 5% of the firm’s portfolio.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Rhicon Currency Management Pte Ltd for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Rhicon Currency Management Pte serves?
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Rhicon Currency Management Pte is pooled investment vehicles with 10 clients and $409.84 million of assets under management. Among the 11 most similar advisory firms, Rhicon Currency Management Pte has the 4th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $494.84 million for 11 clients. 92% of the firm’s clients are foreign persons or businesses.
Rhicon Currency Management Pte also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.
Careers at Rhicon Currency Management Pte Ltd
The company employs 13 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Direct owners and executive officers
Based in Singapore
The principal office where Rhicon Currency Management Pte Ltd performs its advisory services is located at 80 Tras Street, Singapore, 279199, which is also the mailing address of the firm. The firm also has an office outside of the United States.
You can reach the main office by calling the phone number 65 6327 2218 or by fax 65 6327 2219. The normal business hours are 7:30am till 10:30pm on Monday - Friday. You can find more information about the New York firm at rhicon.com and its LinkedIn profile.
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