Singapore Sovereign Hedge Fund Buys Part Of BofA China Bank Stake

Aug 31 2011 | 1:47pm ET

The US$3 billion hedge fund set up last year by Singapore's sovereign wealth fund joined its parent in a consortium to buy half of Bank of America's stake in China Construction Bank.

Seatown Holdings and Temasek Holdings were part of a group that included Chinese buyers. Temasek, Singapore's massive sovereign fund, already owned about 6.4% of CCB before the deal.

BofA sold 5% of CCB on Monday for about US$8.3 billion.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note