Business
European Defence Fund funnels money to drones, hypersonic defense, AI
PARIS — The European Union’s executive arm picked 62 defense projects for a combined €910 million ($1 billion) in financing in the latest…
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Fund
Business
Morgan Stanley offers private equity fund to wider swath of millionaires
Morgan Stanley is launching a private equity fund for its widest audience yet – investors wielding a few million US dollars – as asset…
Business
Chinese sovereign fund CIC to sell US$1 billion of US private equity investments: sources
Chinese sovereign investor China Investment Corporation (CIC) is selling about US$1 billion of its private equity (PE) investment…
Business
Norway wealth fund CEO sees potential in real estate, renewable assets
Real estate and renewable assets are becoming more attractive in the face of stock market volatility, according to the head of Norway’s…
Business
L’Oréal-Backed Chinese Fund Invests In Foundation Brand First Cover
Cathay Consumer Co-creation Fund, a Chinese investment vehicle co-established by L’Oréal, Kerying, Cathay Capital and Pernod Ricard, has…
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Nicole Scherzinger Brings Shimmering Details and Statement Jewelry to the Red Carpet for the Entertainment Community Fund Gala
Nicole Scherzinger joined several distinguished figures from the theater community for the Entertainment Community Fund Gala on Monday in…
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Trust Fund Setup: Easier Than You Think
Setting up a trust fund might sound complicated, but it’s really not as hard as you think. Many people assume that trust creation is only…
Business
Italian Sustainable Shoe Brand and Consultancy ACBC Sells Majority Stake to Swiss Fund
MILAN — Italian sustainable shoe brand and consultancy ACBC — known for its modular sneakers engineered with a zipper system that ties…
Business
Family Money Protection: Trust Fund vs. Regular Savings
When it comes to securing your family’s financial future, understanding the differences between family trusts and regular savings accounts…
Business
Morgan Stanley raising about US$680 million for Japan real estate fund: sources
Morgan Stanley is raising about 100 billion yen (S$910.8 million) for a Japan-focused real estate fund, two people familiar with the…
Business
Singapore's GLP closes first digital infrastructure fund at US$358 million in AUM
Singapore-based GLP has successfully wrapped up its inaugural digital infrastructure-based fund, the GLP China IDC Income Fund I, with…
Business
Ho Bee Land drops AVJennings bid; Australian property developer to be acquired by US fund
Real estate group Ho Bee Land on Tuesday (Apr 1) said it has decided not to proceed with its offer for Australian property developer…
Business
Hong Kong derivatives trading surges to record on turbulent markets and hedge fund interest
Big swings in stock markets and hedge fund activity have propelled Hong Kong’s derivative trading to unprecedented highs. The number of…
Business
Nio to raise HK$4 billion from equity placement to fund R&D
Chinese electric vehicle (EV) maker Nio on Thursday (Mar 27) announced plans to raise HK$4 billion (S$688 million) through a share…
Business
Singapore fund inflows surge 167% to S$7.6 billion for 2024: Morningstar
Total net inflows into Singapore-registered funds hit S$7.6 billion for 2024, a surge of 167 per cent from S$2.85 billion in 2023,…
Business
Nanofilm takes out 50 million yuan loan to fund Chinese subsidiary
Nanofilm Vacuum Coating (Shanghai), a wholly owned subsidiary of mainboard-listed Nanofilm Technologies, has obtained a 50 million yuan…
Business
Ex-Goldman analyst’s hedge fund reaps 300% on small Japan banks
Katsunori Tanaka spent most of his 19 years at Goldman Sachs scrutinising Japan’s biggest banks as an equity analyst. Now he’s making…
Business
Singapore hedge fund with 33% gain bets big on Suzuki Motor
Suzuki’s shares have more than doubled since a 2022 low, beating the MSCI world auto benchmark’s 2.9 per cent rise A SINGAPORE-BASED hedge…
Business
Indonesia launches new multi-billion-dollar sovereign wealth fund
Prabowo Subianto has ordered sweeping cuts across government to fund his key campaign pledges including the new investment vehicle (Bagus…
Business
Indonesia launches Danantara investment fund, channelling US$20 billion into 20 strategic projects
Indonesia has officially launched the Danantara investment fund on Monday (Feb 24), a high-stakes, multibillion-dollar initiative designed…
Business
KKR nears US$14 billion for buyout fund in show of momentum
KKR is more than halfway to a US$20 billion money-raising goal for its North America buyout fund, a sign of momentum during a difficult…
Business
Pimco seeks to grow 60/40 fund to US$2 billion on Asia expansion
PACIFIC Investment Management Company (Pimco) is seeking to grow assets in a multi-asset mutual fund by 25 per cent to US$2 billion this…
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5 Europeans, in the country illegally, stole funds meant for low-income L.A. families, U.S. says
Five men were arrested in Los Angeles on suspicion of using counterfeit electronic benefit transfer cards to fraudulently withdraw funds…
Business
CapitaLand Investment to seed future data centre fund with US$700m investment in Japan
It is making disciplined acquisitions without acting like ‘a kid in a toy store’, says CLI’s Manohar Khiatani ASSET manager CapitaLand…