Billionaire Bhupendra Kumar Modi, who made his fortune from mobile-phone services in India, is planning to invest $100 million in distressed assets including the island resorts on Batam and Bintan neighboring Singapore.
Modi, chairman of Singapore-based Spice Global with interests from telecommunications to financial services, said he is in talks to buy stakes in all the [...]
HONG KONG — Marco Wong lost his job with Citigroup in Singapore in mid-January. During all the turmoil that engulfed the financial world last year, the cutbacks at the U.S. banking giant were neither unique nor surprising.
Still, Mr. Wong says, Citigroup’s decision not to renew his contract shortly before it was due to end [...]
Some good news on Asian Hedge Funds with new recruitment noted in Singapore and Hong Kong.
From The Business Times, Singapore comes news of the impact of the firestorm which hit the global financial industry, wiping out some US$3 trillion in market value, on one area, wealth management, which was particularly impacted . Huge asset values – especially in structured products – were wiped out overnight.
Mr Raju: Says this is a [...]
I found this on the Quant Finance Group on Linkedin, It is the story of “Amazing Grace”, the former Lehman Brothers fixed income salesperson who went on to become an exotic dancer (and more). I publish here the first 10 installments…
Enjoy…
Episode 1
‘The financial markets are full of hard luck stories these days, so I thought [...]
Ronnie Wu, chief investment officer of the $400 million hedge fund of funds house Penjing Asset Management Ltd., will start a pool of money dedicated to providing early investments to new hedge funds next month.
It aims to make five to six investments with the flagship Penjing Asia Fund by year-end, he said in an interview [...]
The Monetary Authority of Singapore (MAS) has completed investigations into the sale and marketing of structured notes linked to Lehman Brothers.
Viathon Capital, LP has officially launched the Whitewater Master Fund, LP, a credit opportunity fund focused on non-correlated absolute returns.
Another day, another Credit Hedge Fund… I am starting to see a pattern here
June 26 (Bloomberg) — Assan Din, a former Lehman Brothers Holdings Inc. credit trader, is setting up a hedge fund to trade corporate bonds and derivatives in Asia.
SaKa Capital’s fund, which will have a capacity of more than $500 million, [...]
The traders behind a Singapore-based hedge fund that outperformed last year are betting government efforts to stabilize Asia’s markets will backfire, yielding opportunities in foreign exchange and credit.
Former Lehman Brothers Holdings Inc. and Government of Singapore Investment Corp. traders are among an estimated 32 hedge-fund startups in Asia that are offering strategies beyond equities, after a record 180 funds closed in the region during last year’s global markets rout.
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