Saigon AM To Start Distressed-Assets Fund
Saigon Asset Management is seeking to start Vietnam’s first distressed-assets fund.
Saigon Asset Management is seeking to start Vietnam’s first distressed-assets fund, Bloomberg reports. The asset manager will team up with the investment division of VietinBank for the fund launch.
They intend to raise about $150 million for the fund that will invest in companies that have non-performing loans with the bank. The fund is targeting to capitalize on Vietnam’s credit crunch.
Click here for the story from Bloomberg.