Stock Markets1 hour ago (Oct 06, 2020 05:25AM ET)
(C) Reuters. FILE PHOTO: Woman passes a logo of state investor Temasek Holdings at their office in Singapore
SINGAPORE (Reuters) – Singapore state investor Temasek Holding said on Tuesday that it has established a new asset management group that will have combined assets under management of about S$75 billion ($55.14 billion).
Seviora Holdings Pte Ltd will be set up as the operational holding company for four existing asset management companies currently wholly-owned by, or affiliated to, Temasek.
Those firms are Azalea Investment Management, Fullerton Fund Management Company, InnoVen Capital and Seatown Holdings International.
Singapore’s Temasek establishes new asset manager overseeing $55 billion
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