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Ang Eng Seng, GIC CIO, HK Summit November 2019
The sovereign wealth fund thought the UK was the ‘best and safest place’ to invest, but ‘we were wrong’, its CIO said, referring to GIC’s negative experience with Heathrow Airport.
Singapore Skyline
Prudential’s Asian asset manager will create an investment solutions team, focused on providing multi-strategy products to investors, as well as an investment fund strategies team.
Indian road in Mumbai
Indian developer IRB will transfer nine operational and under-construction assets spanning 1,200km to an investment infrastructure trust.
Container freight train
The firms’ offer represents a 39.5% premium to Genesee & Wyoming’s 8 March stock price of $80.28.
The fund manager will look to attract institutional capital to invest in the new company, while its management team will hold a ‘significant minority stake,’ a source said.
China’s Ping An Securities is helping the fund manager find anchor investors in Hong Kong and on the mainland.
The new office will launch and manage the Asia Energy Transition Fund, focused on investments in Southeast Asian countries.
The Monetary Authority of Singapore has identified the asset classes as key growth sectors.
The new vehicle will focus on biomass, healthcare infrastructure, PPPs and waste and water facilities, as Asian renewables ‘heating up’.
Damian Sence, a former managing director of MIRA, will be focusing on origination and investment and asset management in the firm
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