All nine members of Khazanah Nasional’s board of directors have resigned, possibly impacting foreign funds with positions in Malaysian companies.
Principal Financial Group creates head of Asia ex-Japan role; Nikko Asset Management makes senior personnel changes; Value Partners reduces management fees for its gold ETF; Société Générale launches daily leverage certificates in Singapore; MSCI rolls out two ESG indices; and more…
Singapore’s state-run GIC is dumping 93 million shares of UBS at a loss, according to a statement from the sovereign wealth fund.
Investment through the new sovereign wealth fund will become the source of the Kingdom’s revenue, not oil, according to an industry report.
GIC, Singapore’s sovereign wealth fund, has opened a new office in Brazil to focus on investment opportunities in Latin America.