News

PhillipCapital Malaysia expects its total assets under management to surpass RM2 billion or US$633 million by year end from RM1.5 billion presently.

Around two-thirds of the leading global insurance companies are planning to make new private equity investments within the year.

Stronger sales will push its shareholders’ funds from RM1.1 billion at the start of 2012 to RM1.5 billion to date, says PhillipCapital Malaysia.

Private equity players are turning to smaller cities and towns across India for stellar investment opportunities.

Armstrong Asset Management is set to launch its first fund, the Armstrong South East Asia Clean Energy Fund.

Five foreign institutions were granted licenses by the China Securities Regulatory Commission in April.

Bank of India has completed the formalities for has acquiring 51 percent stake in Bharti Axa Mutual Fund.

Rumors that HSBC will sell stake or exit its asset management business in India were denied the the CEO of HSBC Mutual Fund, Puneet Chaddha.

Pacific Equity Partners agreed to buy cleaning and catering contractor Spotless Group after raising its bid a second time to A$720 million or $753 million.

UK-based asset management company Schroders has picked up a 25% stake in Axis Mutual Fund for an undisclosed amount.

BlackRock Inc and China Investment Corp will jointly launch an investment fund likely to be worth several billion US dollars.

India Infrastructure Finance Company's $ 1 billion infrastructure debt fund may be operational by the end of next month.

Sumitomo Mitsui Banking Corp. will buy a 24 percent equity stake in China Post & Capital Fund Management Co.

RHB Capital hopes to play a bigger role in the Indonesia market after it acquires Bank Mestika.

Sukhumvit Asset Management is earmarking 3 billion baht or US$96.9 million this year to bid for non-performing loans worth 120 billion baht.

CIMB-Principal Asset Management will submit a range of solutions based on the private retirement scheme approved by the Securities Commission.