Philip Chua Business Blog

Posts Tagged ‘asset management’

A one-day preview at the upmarket Marina Bay Suites development saw invited buyers snap up most of the 90 units released for sale at average prices ranging from $2,200 to $2,500 per sq ft (psf).
At least 81 units were bought yesterday at the 99-year leasehold, 221-unit condominium in Marina Bay, whose launch had been delayed by almost two years, said a spokesman for Raffles Quay Asset Management, … more

(SINGAPORE) The Monetary Authority of Singapore (MAS) is suing well-known fund manager Tan Chong Koay for alleged false trading in Singapore-listed United Envirotech (UET) shares in late 2004.
Dr Tan is chief executive of Pheim Asset Management, a US$1.26 billion boutique fund he founded in 1994. Pheim has also been named as a defendant in the suit, the second such filed by MAS under its new civil… more

POSB, in conjunction with DBS Asset Management, has launched a fund known as MyHome Fund for retail customers to invest in Singapore and its future.
The fund is marketed as an affordable and accessible fund that offers an opportunity to invest in homegrown companies such as Singapore Airlines.
This latest initiative by POSB provides diversification into Singapore equities and Singapore-dollar deno… more

AFP – Japan’s top securities firm Nomura Holdings has agreed to an asset-management capital tie-up with Life Insurance Corp. (LIC), India’s largest life insurer, a newspaper has reported.