| Log in

SBI Holdings & Fullerton Fund Management To Form An Asia Focussed Fund

07 October, 2008

SBI Holdings announced that SBIH and Fullerton Fund Management Company Ltd, a wholly-owned subsidiary of Temasek Holdings, a fund run by Singapore Government will collaborate to launch a new fund that will invest in the Asian (excluding Japanese) financial sector.

The initial commitment for the fund will be $60 million, with SBIH and Fullerton each contributing 50% of the commitment. The fund will primarily target listed financial institutions that are fundamentally undervalued, owing to the sell-off in the current global bear market that was initiated by the U.S. subprime mortgage problem.

SBIH will continue its globalization process through investments with prominent overseas partners in the emerging countries with expected rapid economic growth. Moreover, SBIH plans to continue the establishment of various businesses that will not be as affected by the volatility in the Japanese stock markets.


Leave Your Comment
Edelweiss launches distressed asset, PIPE funds

Edelweiss launches distressed asset, PIPE funds

Madhav A Chanchani 6 years ago
Edelweiss Financial Services has added another $190 million to its alternative...
Mahindra Satyam & Japan's SBI Holdings To Set Up $50M Fund

Mahindra Satyam & Japan's SBI Holdings To Set Up $50M Fund

Anil Das 2 years ago
Computer services firm Mahindra Satyam is joining hands with Japan’s SBI...
SBI, Sultanate of Oman Set Up $100M PE Fund

SBI, Sultanate of Oman Set Up $100M PE Fund

Reghu Balakrishnan 8 years ago
State Bank of India, the largest public sector bank has entered into a joint...
No Comments

SBI Holdings & Fullerton Fund Management To Form An Asia Focussed Fund

Powered by WordPress.com VIP