Opportunities during pandemic propel health-tech firm Doctor Anywhere into fastest-growing list
Mr Lim Wai Mun founded Doctor Anywhere in 2017. PHOTO: DOCTOR ANYWHERE SINGAPORE – Mr Lim Wai Mun founded Doctor Anywhere in 2017, before teleconsultations gained widespread acceptance here amid the Covid-19 pandemic. He and his team continue to have deep discussions on how the health-tech company can tap technology like artificial intelligence (AI) and machine […]
China Set to Fine Ant More Than $1 Billion, Reuters Reports
China Set to Fine Ant More Than $1 Billion, Reuters Reports (Bloomberg) — Chinese authorities are planning to impose a fine of more than $1 billion on Jack Ma’s Ant Group Co., paving the way for the ending of a regulatory overhaul of the financial technology firm, Reuters reported, citing people familiar with the matter. […]
SoftBank Leads Way as Asia Tech Investors Sell Shares
Some of the world’s most influential institutions are selling shares of Asia’s technology giants after owning them for years, a troubling sign for investors after what has already been a painful market selloff. In recent months, Japan’s SoftBank Group Corp. has pared its stakes in the Chinese e-commerce company Alibaba Group Holding Ltd. and the […]
Nicole Zhang-Backed LIF Fund Secures $20M For Web3.0
A new venture capital fund known as Lingfeng Innovation Fund (LIF) has secured $20 million in a fundraiser targeted at equipping crypto startups. The LIP fund which is backed by Nicole Zhang, a former executive at Binance Labs, is related to Beijing-based financial technology investment firm Lingfeng Capital. Markedly, Zhang also sits as a founding partner of […]
Kamet Capital Partners strengthens Singapore bench
The multi-family office has hired Cheam Tze Shen to boost its Southeast Asia presence. Kamet Capital Partners continues to build its team to expand its coverage of high net-worth families in the region. It has hired Cheam Tze Shen (pictured) as a client adviser to bolster the firm’s ‘outreach to Southeast Asian families and investors,’ […]
Singapore lures new wave of Chinese investors eyeing good schools, stability
The city has tightened its Global Investor Programme rules over the years, such as requiring applicants to manage firms with revenues of S$200 million, but interest continues to be strong. China’s Covid-19 situation and instability in Hong Kong have influenced their decisions, while asset manager Blackrock’s impending expansion in Singapore has further buoyed confidence. Luxury […]
Kamet Capital makes first close of debut closed-end fund at $50m
Singapore-based multi-family office Kamet Capital Partners has raised $50 million — half the target corpus — in the first close of its debut closed-end fund. Officially launched in March, Kamet Capital was targeting to raise $100 million for Kamet Founders Fund 1 from existing family office clients and, in a first, external limited partners. The […]
SG family office Kamet Capital to seek $100m for first closed-end fund
Singapore-based multi-family office Kamet Capital Partners, which has previously allocated the bulk of its assets under management to public markets, is launching its first closed-end fund. The firm targets to raise $100 million for Founders Fund 1. Besides its existing family office clients, it plans to seek capital from external limited partners for the first […]
Hedge Funds Face a New Threat from Richest Families in Asia
They’ve already come for the talent, poaching traders from the likes of Millennium Management LLC. Now Asia’s family offices are going after the hedge fund industry’s clients, too. Take Tolaram Group, which runs a $500 million family office in Singapore. After hiring former Millennium and Goldman Sachs Group Inc. staffers to manage $100 million of […]
Who’s Moving Where In Wealth Management? Raffles Family Office, Kamet Capital Partners
The latest senior moves in the Asia-Pacific wealth management market. Raffles Family Office Raffles Family Office has appointed former Leonteq figure Julien Grunebaum as an investment solutions advisor, the first such advisor to join the Hong Kong-based organisation. At Leonteq, which specialises in structured products, Grunebaum served family offices and asset managers on distributing cross-asset investment […]