Asset Manager

The merger of four local firms aims to boost the sovereign wealth fund’s regional competitiveness

The listing will see SBI and Amundi selling a collective 10% of their shares in the joint venture

The move highlights the massive funding financial institutions must provide for DayOne’s global expansion

About half of the money managers also say they are overexposed to the greenback

The world’s biggest active fund manager aims to drive consolidation, targeting 20% of US active fund share by 2036

Total assets under management at the world’s largest asset manager comes in at US$13.89 trillion

The firms are planning to participate as cornerstone investors

Indonesia’s sovereign wealth fund seeks to create ‘a champion with strong competitiveness’

The actively managed fund, with at least S$500 million in assets, will allocate 50% or more to Singapore at the start