Philip Chua Business Blog

Posts Tagged ‘fund managers’

SINGAPORE stocks struggled for direction in a muted day of trading yesterday, even though the market briefly touched a year-high early in the trading day.
For the most part, however, the benchmark Straits Times Index (STI) danced around the psychologically key 2,800 mark in what is turning out to be a typically quiet December season.
The general mood was lethargic as some fund managers had closed … more

MONTH-END ‘window dressing’ when fund managers beef up their portfolios to put on their best face for their clients turned out to be something of a disappointment yesterday.
Nerves had been set on edge after consumer confidence in the United States fell unexpectedly last month, overshadowing signs of a stabilisation in housing.
This undermined markets in Asia, including Singapore. The benchmark St… more

THE Government of Singapore Investment Corporation (GIC) has done well in the timing of its stock market moves given the size of its portfolio, said fund managers and analysts yesterday.
GIC steadily sold some of its equities from July 2007 until the onset of the global financial crisis last September, thereby cutting its exposure to public equities by over 10 percentage points of its total portfo… more

PENNY stocks stole the limelight on the local bourse yesterday as blue chips took a breather a day after hitting their highest levels this year.
Fund managers turned their attention to Hong Kong, where the hotly pursued China-based Sinopharm Group made what turned out to be a less than sizzling trading debut.
But at home, retail investors were in the thick of the trading action, snapping up China … more

LANDMARK legal action by the authorities against a prominent Singapore fund manager who handles more than US$1 billion (S$1.4 billion) of assets got under way in the High Court yesterday.
The Government of Singapore Investment Corporation (GIC) is among the manager’s major clients.
Dr Tan Chong Koay, one of Singapore’s pioneering boutique fund managers, is founder and chief executive of the Singap… more

In the past three months alone, hedge fund managers told BT, they have seen a spike in the number of on-site visits from investors and requests for due diligence on individual securities.
Meanwhile, an Asian dedicated fund of funds recently won a US$400 million Asian mandate which is expected to find its way into the assets of single managers, sources told BT.
‘I had met seven fund representatives… more