Author: Deal Street Asia Online News

India: ASK Investment Managers launches flexicap Alternate Investment Fund

ASK Investment Managers Ltd. has launched digital onboarding for its Alternate Investment Fund (AIF), the first of its kind in the industry. The ASK Emerging Opportunities Fund, a close-ended Category-III, long-only AIF is a flexi-cap portfolio with a mid-cap bias and will invest in listed Indian equities. With the government’s focus on Atmanirbhar Bharat and… Continue reading India: ASK Investment Managers launches flexicap Alternate Investment Fund

India Digest: Heads Up For Tails raises $37m; IIFL AMC, others lead funding in Miko …

Pet care company Heads Up For Tails (HUFT) has rasied $37 million in its Series A funding round led by Verlinvest and Sequoia Capital India. In another development, Miko has raised funding from IIFL AMC, Mankind Pharma Family Office, and others. Heads Up For Tails raises $37m Delhi-based pet care company Heads Up For Tails… Continue reading India Digest: Heads Up For Tails raises $37m; IIFL AMC, others lead funding in Miko …

Chinese ride-hailer Didi says will be more transparent on driver income after criticism

China’s Didi Global Inc said on Monday drivers in several Chinese cities will be able to know details on how Didi pays them, the first big move by the ride-hailing giant after it was criticised by state media that it pays drivers unfairly. In a post on Weibo, Didi said drivers in seven Chinese cities will be the first to know… Continue reading Chinese ride-hailer Didi says will be more transparent on driver income after criticism

Deutsche Bank hires 3 Credit Suisse wealth management executives in SE Asia push

Deutsche Bank Wealth Management said on Monday it has hired three executives from Credit Suisse to work across Southeast Asia as part of an ongoing expansion strategy for the region. Urs Brudermann, at Credit Suisse for the past 11 years and most recently as team leader for Thailand, joins Deutsche‘s wealth management arm as managing director and… Continue reading Deutsche Bank hires 3 Credit Suisse wealth management executives in SE Asia push

HSBC to buy Axa’s insurance assets in Singapore for $575m

HSBC said on Monday it had agreed to acquire Axa’s insurance assets in Singapore for $575 million, part of its broader strategy of scaling up its wealth management business in Asia and boosting fee income. The bank said in February it would invest $3.5 billion in its wealth and personal banking business in Asia, while… Continue reading HSBC to buy Axa’s insurance assets in Singapore for $575m

GIC unit backs ESR’s latest China logistics development platform

Hong Kong-based ESR Cayman Limited announced that it has partnered with Dutch pension fund manager APG Asset Management and RECO Investor, an indirectly-owned subsidiary of Singapore’s GIC, to launch a new logistics development platform in China. The ESR China Development Platform (ECDP) will have an initial equity commitment of $1 billion and invest in warehousing… Continue reading GIC unit backs ESR’s latest China logistics development platform

Germany’s DEG joins Integra Partners’s $100m second fund as anchor investor

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Germany’s DEG joins Integra Partners’s $100m second fund as anchor investor

Southeast Asia’s car-sharing platforms ride surge in demand due to the pandemic

Premium The pandemic may have emptied the roads of Southeast Asia but it has also ushered in greater demand for car-sharing platforms in the region. Car owners seeking to earn through their idle vehicles and renters, who need a car to commute but are unwilling to splurge, have both flocked to these companies in the… Continue reading Southeast Asia’s car-sharing platforms ride surge in demand due to the pandemic