Tuesday, 30 September 2014
Last updated 37 min ago
Nov 22 2011 | 9:32am ET
Maybank Islamic Berhad has joined forces with Maybank MEACP of Singapore to launch a $500 million Asia-focused clean energy private equity fund.
In a statement announcing the fund, Maybank Investment Bank CEO Tengku Dato' Zafrul Tengku Abdul Aziz said the 10-year private equity vehicle will invest in wind, solar, geothermal, small hydroelectric, biomass, biofuels and energy efficiency projects. The fund will invest in the Asia-Pacific region with a focus on countries like China, India, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, Cambodia and Laos.
“The clean and renewable energy sector is a high-growth sector with multi-faceted opportunities for small and medium business groups,” said Mumtaz Khan, CEO of Maybank MEACP, in a statement.
The fund will be made up of two parallel investment vehicles—a $350 million master fund supported by Maybank, Asian Development Bank and International Finance Corporation and a $150 million co-financing vehicle supported by Washington D.C.-based Overseas Private Investment Corporation.
The first tranche of funds will have an investment of $87.5million, of which Maybank will contribute $50 million.
Maybank MEACP is a joint venture of Malaysia’s Maybank and Singapore’s Middle East & Asia Capital Partners. Maybank Islamic Berhad operates as a subsidiary of Malayan Banking Berhad, based in Kuala Lampur, Malaysia.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...