Bullish economic growth forecasts and a recent upgrade of Indonesia’s long-term sovereign debt rating to investment grade will provide a solid base for companies to raise funds through bond sales next year, analysts say.
According to SinoPac SITC, the joint venture will specialize in the establishment of new mutual funds, sales of mutual funds and asset management.
The India Fund is a closed-end investment company with current total assets of $951.5 million (as of November 30, 2011) and its investment objective is long-term capital appreciation by investing primarily in Indian equity securities.
Aquila, which manages about 3 billion euros ($4.02 billion), opened its first Asian office in Singapore in October.
The crash drew international attention not only for its stunning price — the vehicles collectively cost more than $1 million — but also for the rare glimpse of Japan’s superrich, who tend to avoid ostentatious public displays of wealth.
In fact, ETFs for resource-rich countries (e.g., Brazil, South Africa, Chile), as well as China itself, were hit the hardest.
Loans surged 91 percent to $38.3 billion this year from the same period of 2010, beating the previous record of $30.7 billion in all of 2008, according to data compiled by Bloomberg. T
The fund will focus its investments on Asia-Pacific related equities, convertible and corporate bonds as well as credit and equity derivatives, according to a company statement.
Huttenlocher, who quit Highbridge Capital in March, managed Highbridge's Asia-focused fund, which once had about $2 billion in assets under management.