Temasek's Lotus India to Triple Fund Assets, Outpace Industry

Bloomberg.com, 2 Sep 2008, Netty Ismail

Sept. 2 (Bloomberg) -- Lotus India Asset Management, part owned by Singapore sovereign wealth fund Temasek Holdings Pte, plans to triple its assets to $6 billion in two years, outpacing growth in the industry, said Chief Executive Officer Ajay Bagga.

Lotus India will offer new funds including those investing in real estate to tap rising incomes in the world's second- fastest growing major economy.

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