Daiwa and Saigon Securities set up Vietnam fund
The fund will invest in high-growth companies and hopes to raise $100 million-plus in assets.
Daiwa SMBC Capital and SSI Asset Management (SSI AM), a subsidiary of Saigon Securities in Ho Chi Minh City, have set up an unlisted share investment fund targeting high-growth companies in Vietnam.
The Cayman Islands-registered Vietnam Growth Investment Fund is scheduled to launch next month with ¥800 million ($9.1 million) and ultimately aims to raise ¥5 billion to ¥10 billion.
It will be jointly managed by Daiwa SMBC Capital and SSI AM, which has Vnd3 trillion ($168 million) in a…
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