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Temasek establishes new asset manager overseeing $55 bn

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Singapore state investor Temasek Holding said on Tuesday that it has established a new asset management group that will have combined assets under management of $55.14 billion.


Seviora Holdings Pte Ltd will be set up as the operational holding company for four existing asset management companies currently wholly-owned by, or affiliated to, Temasek.


Those firms are Azalea Investment Management, Fullerton Fund Management Co, InnoVen Capital and Seatown Holdings Intl. — Reuters


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