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Author: traderhub8   |   Latest post: Wed, 21 Aug 2019, 9:21 AM

 

Phillip Capital Morning Note

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Keppel Capital Holdings' private fund management arm Alpha Investment Partners has announced the final closing of the Alpha Asia Macro Trends Fund (AAMTF) III, having raised a total of about US$1.1 billion, including co-investments.This exceeded its initial target of US$1 billion. AAMTF III, the third value-add pan-Asian fund in the Alpha Asia Macro Trends series, saw a diverse group of institutional investors, including pension funds, endowments and insurance companies.

Singtel, Ericsson and Singapore Polytechnic (SP) have launched on Thursday Singapore’s first live 5G facility at the polytechnic's Dover Road campus.Named 5G Garage, it is connected to Singtel’s pilot 5G network at Ayer Rajah and runs on a 3.5 GHz trial spectrum granted by the Info-communications Media Development Authority.The facility will serve as a training centre, test bed and ideation lab to develop the Republic's 5G ecosystem and drive the adoption of 5G by enterprises during their digital transformation.

Frasers Commercial Trust is in discussions with various prospective tenants to lease space at Alexandra Technopark. The trust manager said “there is no certainty that any agreement would be reached or any definitive agreement would be entered into, in respect of these on-going discussions”.

Jack Bogle, who founded Vanguard Group, an investing juggernaut now with more than $5.1 trillion in assets under management, and created the world's first index mutual fund, has died. He was 89. Bogle died Wednesday in Bryn Mawr, Pennsylvania, according to Vanguard. A private funeral is planned for Monday, a Vanguard spokesman said. Bogle, who preached buy and hold investing, was considered one of the world's greatest investors. His index mutual fund enabled investors to achieve high returns but at lower costs than for actively managed funds.

#RIPBOGLE

Source: SGXnet, The Business Times

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