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 investing in the shares of small and medium-sized…
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Michigan creates additional marijuana tax to fund Whitmer's plan to 'fix the damn roads'
Michigan Gov. Gretchen Whitmer on Tuesday signed into law a new 24% tax on marijuana sales between producers and dispensaries, creating revenue to partially fund her long-promised effort…
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 [MADRID/LONDON] BBVA has eight billion euros (US$9.4 billion) in capital for a…
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 billion) fund. The two pensions have signed a…
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 markets Fullerton Fund Management – one of the…
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 markets Fullerton Fund Management – one of the…
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 adjustment among the country’s money managers. The…
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 US$10 billion target for its latest Asia buyout…
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 Authority of Singapore’s (MAS) S$5-billion Equity Market…
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 hedge fund Verdad Advisers is planning to launch a new…
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 and private credit funding Asia-Pacific (Apac) data centre operators will look beyond bank funding to recycle capital…
Keppel Asia Infrastructure Fund leads divestment of 800 Super at over S$600 million
The sale to Actis is expected to be completed before the end of the year, subject to approval from the relevant regulators The infrastructure division of asset manager Keppel and Keppel…
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 Real Estate Investment Trust (Reit) has signed a deal…
Fire sale of sought-after fund raises alarm over Asia private equity slump
Economic uncertainty from tariffs and trade wars heightened liquidity needs, just four years after private equity’s fundraising peak For over 20 years, Indonesian private equity (PE) firm…
Here’s What Trump’s Offering People Who Help Fund His New Ballroom
Attorney and commentator Norm Eisen—who runs one such group, Democracy Defenders Action—has circulated a draft open letter, titled “An Open Letter Opposing Threats by the Administration…
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 nearly 20 per cent of its Vision Fund team globally…
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 region Octave Capital, formerly Heritas Capital, and…
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 Franklin Templeton and blockchain firm Ripple to offer…
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 seeks foreign partners and supports the nation’s…
Carro raises US$60 million to tap Asia-Pacific demand for used Japanese cars; Cool Japan Fund leads funding
CEO of online car marketplace adds that more partnerships between it and Japanese automobile brands are coming to the region South-east Asia’s largest online used-car marketplace Carro…
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 India venture with billionaire Mukesh Ambani’s…
Republicans unveil a bill to fund the government through Nov. 21. Democrats call it partisan
House Republicans unveiled on Tuesday a stopgap spending bill that would keep federal agencies funded through Nov. 21, daring Democrats to block it knowing that the fallout would likely be…
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 fund manager Capital Asia Investments (CAI) has been…
Hedge fund Arrowpoint seeks US$400 million in new money by March
The performance and fund-raising plans stand out in a market where investors’ appetite for multistrategy, multimanager hedge funds has begun to abate Arrowpoint Investment Partners aims to…