Business
Advanced Systems Automations ex-CEO claims unauthorised funds transfers were for unpaid salaries
The company says the transfers do not have material impact on its financial position Advanced Systems Automations (ASA) on Thursday (Jul…
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Funds
Business
One of Singapore’s longest-running hedge funds is shutting down on US investor pullback
[ One of Singapore’s longest-running hedge funds, New Silk Road Investment, is shutting down after weak returns and a pullback by US…
Business
China venture capital funds tap global investors for US$2 billion in comeback
China’s largest venture capital houses are tapping the market for at least US$2 billion in new funds, re-engaging with the country’s…
Business
Wealth funds warm to active management – and China – to weather volatility: report
The world’s sovereign wealth funds are turning to active fund management and investments in China, while central banks are diversifying…
Business
Hong Kong Jockey Club to unload US$1 billion in Blackstone, Warburg funds
The Hong Kong Jockey Club is divesting as much as US$1 billion in funds held with Blackstone and other buyout firms, offloading US assets…
Business
Cathay Cineplexes operator mm2 Asia to raise funds for debt repayment via proposed share placement
The announcement comes after the cinema chain received a S$3.4 million payment demand from the landlord of its shuttered Jem outlet Media…
Business
Indonesia’s sovereign wealth funds Danantara loans US$405 million to flag carrier Garuda
Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jets…
Business
Fidelity, BlackRock target Chinese demand for offshore funds
Fidelity International is poised to offer products that attract mainland investors chasing higher returns from overseas funds, according…
Business
China car trade-in subsidy halted in some areas as funds run low
China’s trade-in subsidy to boost sales of electric and fuel-efficient vehicles has been suspended in key cities across at least six…
Business
Hedge funds reap cash from investors ‘starved’ of Japan exposure
Nick Bird’s OQ Funds Management opened a Japan quantitative hedge fund in September. Within weeks, it raised the maximum US$250 million…
Business
Global funds weigh whether Indonesia market rebound was too fast
Indonesia’s financial markets have bounced back after a torrid few months, sparking a debate on whether the rally can last. RBC BlueBay…
Business
Saudi Aramco considers asset sales to free up funds: sources
Saudi state oil giant Aramco is exploring potential asset sales to free up funds, two people with knowledge of the matter said, as it…
News
Musicians gather to raise funds for Ukraine supplies
Musicians have gathered for a fundraising event to support the people of Ukraine. The fourth Play for Ukraine event since the war with…
Business
Private credit funds target billions in retail demand from Asia
From Singapore to Japan and Australia, fund managers in Asia are looking to unlock billions of US dollars for private credit from the last…
Business
Keppel secures S$2 billion in fresh capital commitments across flagship funds
Keppel secured fresh capital commitments of close to S$2 billion for its three flagship funds, representing around S$4.9 billion of funds…
Business
MAS’ private-market proposal for retail investors may boost appeal of semi-liquid funds
The Monetary Authority of Singapore’s (MAS) proposal to let retail investors access private markets could see such investors favour…
Business
Hedge funds move into Asia power market with new hires
[SINGAPORE/TOKYO] Hedge funds have joined the hunt for power-trading talent in Asia, as they push into the region’s increasingly active…
Business
Next generation of ultra-rich to spur take-up of donor-advised funds: Citi
The next generation of ultra-high-net-worth (UHNW) individuals will likely boost the uptake of donor-advised funds (DAFs) to meet their…
Business
More funds and products expected, as market awaits details about Singapore’s S$5 billion equities push
Analysts see MAS’ initiative as positive step, but add that factors such as investor protection and governance, proper understanding of…
Business
China quant says funds must adopt AI to survive after DeepSeek
DEEPSEEK’S success is intensifying pressure on China’s quantitative hedge funds to embrace artificial intelligence (AI) or risk becoming…
Business
PBOC injects most short-term funds this month amid cash crunch
The PBOC has been tolerating a surge in repo rates and kept liquidity conditions tight, aiming to support the yuan amid economic headwinds…
Business
DeepSeek rally helps Chinese tech firms raise more funds
Listed Chinese companies have raised more than US$1 billion globally through placements so far this year, with most of it in February THE…
Unsorted
Funds secured for Victorian soldier memorial revamp
Highland Council has approved more than £162,500 of funding to help reopen a 117-year-old tower dedicated to a Victorian soldier. Maj Gen…
Unsorted
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…