Asian Investor, 5 Oct 3008, Rita Raagas De Ramos
Singapore-based Fullerton Fund Management and Japanese venture capital firm SBI Holdings have jointly set up a fund that will invest in Asian financial companies.
The fund has an initial commitment of $60 million, with Fullerton and SBI Holdings contributing $30 million each. The fund will mainly target listed non-Japanese financial institutions that have become fundamentally undervalued due to the sell-off in stock markets caused by the US credit crisis.
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