Asian Investor, 24 Sep 2008, Rita Raagas De Ramos
Fullerton, which continues to manage part of Temasek’s $132 billion portfolio, aims to expand its business across Asia.
Singapore-based Fullerton Fund Management and China’s Bosera Asset Management have formed an investment partnership that allows both fund houses to tap each others’ expertise.
This is in line with Fullerton’s strategy of expanding its footprint in Asia though strategic partnerships, which it already has in markets such as Japan, Korea, India and Pakistan.
Fullerton was set up as the in-house fund management division of Singapore state investment company Temasek Holdings in 1989. The company was spun off into a separate business unit in 2003, but continues to manage part of Temasek’s $132 billion global portfolio. Now, it is aggressively pursuing the growth of its business, particularly in the area of third-party fund management.
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