Monday, 4 May 2015
Last updated 2 days ago
Dec 4 2009 | 12:54pm ET
Saigon Asset Management plans to launch a new offshore hedge fund with Vietnamese industrial giant REE Corp.
The new Vietnam Smart Money Fund will be domiciled in the U.S., but invest in Vietnamese real-estate projects, pre-initial public offering companies and listed Vietnamese equities. RNG, REE’s investment arm, plans to offer a local version of the fund, as well.
“Foreign investors remain interested in the great performance of the Vietnam Index and the phenomenal long term growth of the country,” Saigon CEO Louis Nguyen said. “However, access to quality deal flow and consistent return performance remain to be challenging issues. To be able to invest in Vietnam through this ‘Smart Money’ format and share thoughts directly with the country’s industry leaders is a very unique and attractive proposition.”
Saigon AM is based in Ho Chi Minh City and manages more than US$125 million.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…