ARA Asset Management

[EnSabahNur]

11) In short, if AUM could grow on average at not less than 10% annually, and costs could be contained accordingly in line with growth – I would not be worrying too much.

(vested)

I agree with your points, but with AUM at an estimated SGD 25 to 26 Billion, 10% a year is equivalent to 2.5 Billion. That would be roughly the same as raising 2 ADF funds each year. Not impossible, but increasingly difficult as size grows.