Friday, 22 August 2014
Last updated 1 hour ago
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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note