David Ramli

Singapore

Journalist and Business writer at Bloomberg News

Sydneysider and @Business writer for Bloomberg in Singapore, previously Beijing. Views expressed here are mine, not my employer's. Email: [email protected]

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Articles

Ares Said to Buy Northstar Funds for Asia Private Equity Growth

1 week ago | news.bloomberglaw.com | Lulu Yilun Chen |Olivia Poh |David Ramli

Ares Management Corp. has taken over control of three funds previously managed by Indonesian private equity firm Northstar Group despite the latter’s investments in failed startup eFishery, according to people familiar with the matter. The deal comes after months of detailed discussions and due diligence work by the global alternative assets manager, the people said, asking not to be identified because the matter is private.
Ares Said to Buy Northstar Funds for Asia Private Equity Growth

1 week ago | bloomberg.com | Lulu Yilun Chen |Olivia Poh |David Ramli

(Bloomberg) -- Ares Management Corp. has taken over control of three funds previously managed by Indonesian private equity firm Northstar Group despite the latter’s investments in failed startup eFishery, according to people familiar with the matter. The deal comes after months of detailed discussions and due diligence work by the global alternative assets manager, the people said, asking not to be identified because the matter is private.
Temasek Looks to Work With Indonesian Wealth Fund Danantara

1 week ago | bloomberg.com | David Ramli

Temasek Holdings branding. (Bloomberg) -- Singaporean state-owned investor Temasek Holdings Pte said it welcomes the chance to work with Indonesia’s newly-formed sovereign wealth fund Danantara. “Temasek has a valued network of relationships with other sovereign wealth funds and pension funds globally,” a spokesperson said in an email.
Denso in talks to buy Temasek-backed seed supplier for $500 million

1 month ago | japantimes.co.jp | Tsuyoshi Inajima |David Ramli

Denso is in final talks to buy a Temasek-backed seed supplier for around $500 million (¥71.4 billion), as the Japanese vehicle parts supplier deepens its expansion into the agriculture sector, people familiar with the matter said. Singapore investment firm Temasek, which owns almost half of Axia Vegetable Seeds, is set to generate a profit from the sale, the people said, asking not to be identified because the negotiations are private.
Denso in Talks to Buy Temasek-Backed Seed Maker for $500 Million

1 month ago | bloomberg.com | Tsuyoshi Inajima |David Ramli

(Bloomberg) -- Denso Corp. is in final talks to buy a Temasek-backed seed supplier for around $500 million, as the Japanese vehicle parts supplier deepens its expansion into the agriculture sector, people familiar with the matter said. Singapore investment firm Temasek, which owns almost half of Axia Vegetable Seeds Group, is set to generate a profit from the sale, the people said, asking not to be identified because the negotiations are private.
Denso in Talks to Buy Temasek-Backed Seed Maker for $500 Million

1 month ago | news.bloomberglaw.com | Tsuyoshi Inajima |David Ramli

Denso Corp. is in final talks to buy a Temasek-backed seed supplier for around $500 million, as the Japanese vehicle parts deepens its expansion into the agriculture sector, people familiar with the matter said. Singapore investment firm Temasek, which owns almost half of Axia Vegetable Seeds Group, is set to generate a profit from the sale, the people said, asking not to be identified because the negotiations are private. Representatives for Denso and state-owned Temasek declined to comment.
Ultra Rich Wanted More China Exposure Before Trade War, UBS Says

1 month ago | news.bloombergtax.com | David Ramli |Yoojung Lee

Many of the world’s richest family offices were planning to ramp up their investments in China despite the looming threat of a global trade war, according to a survey of UBS Group AG clients. The report - which based its findings on 317 family offices with an average of $1.1 billion in assets under management - showed that over a third of clans in the Middle East planned to increase their exposure to mainland China, as did 39% from the Asia-Pacific region. On average globally, 18% wanted to do so.
Ultra Rich Wanted More China Exposure Before Trade War, UBS Says

1 month ago | bloomberg.com | David Ramli |Yoojung Lee

(Bloomberg) -- Many of the world’s richest family offices were planning to ramp up their investments in China despite the looming threat of a global trade war, according to a survey of UBS Group AG clients. The report - which based its findings on 317 family offices with an average of $1.1 billion in assets under management - showed that over a third of clans in the Middle East planned to increase their exposure to mainland China, as did 39% from the Asia-Pacific region.
Dymon Hires Ex-Millennium Portfolio Manager Shao for Expansion

2 months ago | bloomberg.com | Bei Hu |David Ramli |Nishant Kumar

Dymon Asia Capital in Singapore. Photographer: Ore Huiying/Bloomberg(Bloomberg) -- Dymon Asia Capital hired former Millennium Management portfolio manager Shao Ying, as it expands relative-value equity trading. Shao will head linear equity relative value, the Singapore-based investment firm, which oversaw $4.7 billion in assets by March, said in an email.
Dymon Portfolio Manager Tang to Leave After Hitting Loss Limit

2 months ago | news.bloomberglaw.com | Bei Hu |Manuel Baigorri |David Ramli

Dymon Asia Capital portfolio manager Hans Tang is leaving the Singapore-based hedge fund after his merger arbitrage pod hit its loss limit and was stopped out by the firm, according to people familiar with the matter. The manager joined the firm in May 2024 after a stint at competitor hedge fund platform Millennium Capital Management, according to Singaporean regulatory filings. Tang previously worked at UBS Group AG.