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Cash-rich Asian conglomerates scour for US fund deals

They are looking for expertise on where to invest and honing their ambitions to become financial behemoths
Friday, February 17, 2017 - 05:50

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China's aviation and shipping company HNA bought its stake in SkyBridge from Mr Scaramucci, the firm's flamboyant former leader.

New York

IN the investment management world these days, the deals are not coming from American or British banks, but from big Asian conglomerates flush with cash.

SoftBank, the Japanese technology and telecommunications conglomerate, scooped up a New York-listed private equity firm

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