SBI Holdings, Inc. and Fullerton Fund Management Company Ltd Collaborate to Launch...

Thu Oct 2, 2008 11:55pm EDT

* Reuters is not responsible for the content in this press release.

SBI Holdings, Inc. and Fullerton Fund Management Company Ltd Collaborate to Launch a New Fund

TOKYO--(Business Wire)--
SBI Holdings, Inc.(hereinafter "SBIH")(TOKYO:8473) announced that
SBIH and Fullerton Fund Management Company Ltd (hereinafter
"Fullerton"), a wholly-owned subsidiary of TEMASEK Holdings, which is
one of Singapore's governmental investment firms, will collaborate to
launch a new fund that will invest in the Asian (excluding Japanese)
financial sector.

   The initial commitment for the fund will be USD 60 million, with
SBIH and Fullerton each contributing 50% of the commitment. The fund
will primarily target listed financial institutions that are
fundamentally undervalued, owing to the sell-off in the current global
bear market that was initiated by the U.S. subprime mortgage problem.

   SBIH will continue its globalization process through investments
with prominent overseas partners in the emerging countries with
expected rapid economic growth. Moreover, SBIH plans to continue the
establishment of various businesses that will not be as affected by
the volatility in the Japanese stock markets.

   About Fullerton Fund Management Company Ltd

   Fullerton Fund Management Company Ltd was established in 2003 as a
wholly owned subsidiary of TEMASEK Holdings, which is one of
Singapore's governmental investment firms. Fullerton Fund Management
Company Ltd has managed the assets of the Singapore Ministry of
Finance through TEMASEK Holdings, and is a highly regarded asset
management company in Asia.

SBI Holdings, Inc.
Motoaki Shiino, +81-3-6229-0126
Corporate Communications Dept.

Copyright Business Wire 2008
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.