Long-Time Singapore Sovereign Exec. To Launch Hedge Fund

Feb 28 2012 | 5:40am ET

After a career at a Singapore sovereign wealth fund, Aje Saigal will continue to manage the city-state's money—at his own hedge fund.

Saigal's Nuvest Capital is set to launch its maiden fund in early July, seeded by the Government of Singapore Investment Corp. Saigal worked at GIC for more than 30 years, joining the sovereign fund at its inception in 1981 and remaining there until earlier this year, when he left to found Nuvest. During his three decades at GIC, Saigal served as a stock manager, chief investment officer for global equities and director of investment policy and strategy.

It is unclear how much GIC plans to invest with Nuvest. The fund has a US$1 billion minimum capacity.

Nuvest's Global Fund will be a multi-asset, emerging-markets focused hedge fund, Reuters reports. The fund aims to return 4% to 5% annually above the rate of inflation.

In addition to Saigal, as chief investment officer, Nuvest will feature former Barclays Global Investors and Vanguard executive Lee Yuit Chieng as chief investment officer, as well as former executives from an Australian superannuation fund and a Chicago multi-strategy hedge fund.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.