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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Market

GIC-backed fund Nuvest aims to raise $1 bln by mid-2013

Posted on 08 May 2012

Nuvest Capital aims to raise $1 billion by the first year of operations as its founder and Government of Singapore Investment Corp (GIC) veteran Aje Saigal looks to build his record outside the world’s eighth-largest sovereign wealth fund.
Singapore-based Nuvest will launch a global multi-asset fund with an emphasis on emerging markets by July with seed money from GIC, Saigal said in an interview, confirming a Reuters report in February about his plans………………………………………..Full Article: Source


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