Reuters – U.S.-based Tano Capital, a family office managed by a descendent of Franklin Templeton founder Rupert Johnson Sr, has moved the domicile of one of its funds to Singapore in a bet the local dollar will make further gains versus the greenback.
Tano’s $80 million Global Hard Asset Fund, a long-short fund that invests in commodity stocks and commodity futures, is now denominated in Singapore dollars so that cash balances will be held in a stronger currency, Tano founder Charles Johnson told Reuters.
