Sakae venturing into asset management

Singapore

JUST a month after Sakae Holdings announced it had diversified into corporate advisory services, the mainboard-listed company and owner of restaurant chain Sakae Sushi said it is now making a foray into asset management.

For a start, it will set up a S$250 million fund - comprising internal and client funds - to invest in public and private opportunities that it believes have deep value due to growth prospects or market inefficiencies, Sakae founder Douglas Foo told BT.