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May 8, 2007

Prudential sees infrastructure and Vietnam funds

By Jeffrey Hodgson

HONG KONG (Reuters) - Prudential aims to launch two new Vietnam funds and an Asian infrastructure fund before July, a senior executive with its asset management arm in Asia said on Monday.

The Vietnam funds would include one focused on private equity, which the firm hopes will start with at least $50 million (25 million pounds) in assets, said Guy Strapp, regional head of investment management in Asia for Prudential Asset Management.

"There's two (Vietnam) funds that we're looking to do. One would be private equity only. And one would be a mix, like the one we launched last year," he told Reuters.

Full Story...

Posted by pichu at May 8, 2007 8:38 PM