Friday, 3 July 2015
Last updated 19 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…