Business
Morgan Stanley seeks to redeem cash from Jefferies’ Point Bonita fund, source says
Morgan Stanley’s asset management unit asked investment bank Jefferies to return some money it invested in the latter bank’s Point Bonita…
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Fund
Business
Top Singapore fund Lion Global wins with ‘forgotten’ small-caps
The company sees the small- and mid-cap strategy continuing to succeed over the longer term as well Lion Global Investors’ strategy of…
Business
Top Singapore fund LionGlobal wins with ‘forgotten’ small-caps
The company sees the small- and mid-cap strategy continuing to succeed over the longer term as well Lion Global Investors’ strategy of…
Business
BBVA has 8 billion euros to fund mandatory bid for Sabadell if needed: CEO
A combined entity would become one of the largest lenders in Europe by assets, with about one trillion euros BBVA has eight billion euros…
Business
Two Australian pensions confirm merger to form A$235 billion fund
Aware Super, one of Australia’s largest pensions, confirmed plans to merge with smaller rival TelstraSuper to form a A$235 billion (S$201…
Business
Fullerton launches first retail fund under MAS’ S$5 billion EQDP initiative
It is offered as a collective investment scheme to retail, accredited and institutional investors in Singapore and selected international…
Business
Fullerton launches first retail fund under MAS’ S$5 billion equity initiative
It is offered as a collective investment scheme to retail, accredited and institutional investors in Singapore and selected international…
Business
World’s biggest pension fund puts impact investing on the agenda
A decision by Japan’s US$1.8 trillion pension fund, the world’s biggest, to consider a shift into impact investing has triggered a wider…
Business
Blackstone hits US$10 billion Asia buyout fund goal amid private equity chill
The world’s biggest asset manager’s fundraising comes as global investors are growing more cautious about private equity Blackstone hit a…
Business
CapitaLand Investment, SC Capital launch industrial development fund focused on Gulf Cooperation Council markets
CapitaLand Investment (CLI) and SC Capital Partners have launched an industrial development fund focused on the Gulf Cooperation Council…
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MAS to simplify framework for single family office fund tax scheme
Move is ‘timely’ given evolving landscape, rising competition from Hong Kong, Dubai, observers say The Monetary Authority of Singapore…
Business
MAS’ S$5 billion injection is strategic, sustainable solution to perk up equities market, say fund managers
Equity Market Development Programme is designed as a durable one, and will adapt as market conditions evolve, they add The Monetary…
Business
US hedge fund Verdad plans to launch new Japan small-cap fund
A gauge of smaller stocks has outperformed the broader Topix this year with a gain of 19%, compared to 14% for the index Boston-based…
Business
Apac data centre owners look beyond banks to fund US$100 billion of construction over 5 years: S&P
Options include capital recycling via Reits, asset-backed securities, private credit funding Asia Pacific (Apac) data centre operators…
Business
Keppel Asia Infrastructure Fund leads divestment of 800 Super at over S$600 million
The sale is expected to be completed before the end of the year, and is subject to approval from the relevant regulators The…
Business
Keppel DC Reit raising S$404 million from unitholders to help fund 82-billion yen Tokyo data centre buy
Under preferential offering, unitholders are entitled to 80 units for every 1,000 units owned at $2.24 each The manager of Keppel DC Reit…
Business
Fire sale of sought-after fund raises alarm over Asia private equity slump
For over 20 years, Indonesian private equity (PE) firm Northstar Group was emblematic of South-east Asia’s boom. Backed by TPG Capital, it…
Business
SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say
The cuts mark the third round of layoffs at the Japanese investment conglomerate’s flagship fund since 2022 SoftBank Group will lay off…
Business
Octave Capital launches US$75 million ocean-focused impact fund with Katapult Ocean
The fund will look at relevant startups in Apac as well as companies from other geographies that could benefit from expanding into this…
Business
DBS, Franklin Templeton, Ripple team up on tokenised money market fund trading
Singapore’s biggest lender says that it will list Franklin Templeton’s sgBENJI token DBS Group has partnered with US asset manager…
Business
Indonesia sovereign wealth fund INA targets data centres, AI in healthcare, renewables
The Indonesia Investment Authority (INA) is prioritising digital infrastructure, healthcare and renewables as the sovereign wealth fund…
Business
Carro raises US$60 million to tap Asia-Pacific demand for used Japanese cars; Cool Japan Fund leads funding
The company says it expects overall demand for used cars and plug-in hybrid electric vehicles from Japan to grow South-east Asia’s largest…
Business
Jio BlackRock sees India mutual fund industry tripling by 2032
Asia’s richest man is seeking to reshape India’s financial services industry by leveraging his vast telecom and retail empire BlackRock’s…
Business
Singapore fund manager Capital Asia Investments behind multi-million dollar Thai blue-chip deals
Some of these transactions are linked to a politically connected Cambodian tycoon and a prominent Thai businesswoman Singapore-licensed…