Philip Chua Business Blog

Posts Tagged ‘management’

(SINGAPORE) Distressed selling may be a thing of the past, but prospects in the secondary private equity (PE) market are definitely looking up, says Paul Capital, a global alternative investment manager with US$6.6 billion in assets under management.

‘Whether it is fundraising activity, investor interests or exits, we see encouraging signs on all three fronts,’ the company’s regional head, Lucie… more

Every year brings with it a host of business buzzwords.  This year, the Great Recession — buzzword alert — made business news everyone’s business for a change.

Business – Newspapers – Magazines and E-zines – Business and Economy – Management

Improvement in headline economic reports on manufacturing and employment suggest continued economic growth. Our outlook remains for positive economic growth at 2.5 percent plus for the next four quarters with continued low inflation. For manufacturing, the gains in the Institute for Supply Management (ISM) Index reflected improvement in orders, production…

Instead they appointed Temasek unit ST Asset Management – a move backed by the independent directors – in a bid to revive the company’s flagging fortunes.

The move had been opposed by the previous manager, a unit of collapsed Australian investment bank Babcock & Brown, which fell victim to the financial crisis.

Babcock, the firm’s No. 1 shareholder with a 13.8 per cent stake, is in liquidat… more

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

THE independent directors of a Singapore-listed investment fund – Global Investments – are embroiled in a dispute with the company’s biggest shareholder over the appointment of a fund manager to run its business.
Its previous fund manager fell victim to the global financial crisis last year. Global Investments announced last month that it wanted to hand over the job to ST Asset Management – a fund… more

(SINGAPORE) Hedge funds’ assets increased by US$21 billion in August, rising for a fourth straight month, according to Eurekahedge Pte.
Net inflows into the industry totalled US$12.6 billion, while gains through performance were US$8.8 billion, bringing total assets under management to US$1.38 trillion, the Singapore-based research firm said in a report.
The Eurekahedge Hedge Fund Index, trackin… more

AP – ANZ Bank said Friday it will buy Dutch-based ING Groep NV’s stake in their Australian and New Zealand life insurance and wealth management joint ventures for 1.76 billion Australian dollars ($1.53 billion).

Reuters – Cerberus Capital Management has been swamped with redemption requests with the Wall Street Journal reporting that investors are asking to pull out $5.5 billion or 71 percent of assets from its hedge funds.

THE funds management industry is poised for a sea change in the way assets are allocated, says Schroders plc group chief investment officer Alan Brown, who was in Singapore earlier this week.
At least two traditional practices must change, he says. One is the overemphasis on market benchmarks to measure performance. The second is the discipline of a fairly static strategic asset allocation, which … more