21 Apr, 3:17PM

Avanda Global Fund of Ex-GIC Executives Plans Start in July 1

Avanda Investment Management Pte, founded by former GIC Pte senior executives, plans to start the first of three funds on July 1, according to a document obtained by Bloomberg. The Avanda Global Multi-Asset Fund will trade bonds, equities and currencies, according to the document. It will get funding from GIC and Temasek Holdings Pte, said people familiar with the matter, who asked not to be identified as discussions are private.

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