08.05.2012 - GIC-backed fund Nuvest aims to raise $1 bln by mid-2013
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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