The Business Times
business-time-50

Over US$2b of 1MDB's Cayman funds managed by Aussie firm

Avestra shares several executives with Bridge Global, whose fund 1MDB has invested in

google-preferred-sourceAdd BT as a preferred source
Anita Gabriel

Anita Gabriel

Published Fri, Nov 21, 2014 · 09:50 PM

    Singapore

    AUSTRALIAN firm Avestra Asset Management has been managing over US$2 billion of 1Malaysia Development Bhd's monies invested in several Cayman Islands funds.

    The Business Times understands that 1MDB's investments via several segregated portfolio companies (SPCs) in the Cayman Islands called Bridge Global Absolute Return Fund are now managed by Queensland-based Avestra.

    TRENDING NOW

    Senior Judge Lee Seiu Kin rejects Chander Agarwal’s characterisation of the expenses as loans, pointing to a pattern of lavish spending on Felicia Lee.

    Hell hath no fury like a man scorned: CEO’s S$468,000 suit against ex fails after relationship sours

    The Philippines has lost between 42.3 billion pesos (US$675.6 million) and 118.5 billion pesos to flood-control corruption since 2023.

    Floods compound Philippine growth woes from public-works scandal

    Despite the current sell-off, currency strategists view the ringgit’s slide as temporary.

    Singdollar hits 10-month high against ringgit as investors take refuge in traditional safe haven

    For many next-generation entrepreneurs, legacy is no longer a destination but a launch pad; Singapore sits at the centre of this transformation.

    How Asia’s next generation is rewriting legacy through entrepreneurship

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More