| Islamic fund manager KFH Asset Management will launch a US$300 million (RM915 million) fund to invest in consumer, healthcare and education businesses by end 2012, its private equity head said in Kuala Lumpur yesterday. KFH Asset Management, a subsidiary of the Malaysian unit of Kuwait Finance House, would raise money from Gulf investors for the fund which would also invest in waste management and light manufacturing firms, Lew Oon Yew said. He said KFH Asset Management also hoped to attract investors from Singapore and Japan, diversifying its investor base from the current Kuwait, Malaysia and Brunei funds. The new fund would look to invest in businesses in Malaysia, Singapore, Thailand, Vietnam, Indonesia and China, he said. |
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