Tuesday, August 13, 2019 12:04:53 PM
Heffernan Capital Management ASEAN Fund
August 27, 2010
Heffernan Capital Management ASEAN Fund to be launched in September to Institutions.
The initial size of the fund will be about US$500 million (Bt16.5 billion), co-founder Shayne Heffernan told a press conference in March 2010.
The fund will be aimed at institutional investors, such as financial institutions or pension funds.
Heffernan Capital Management has aggressively sought opportunies and has closed major deals in the Auto, Mining and Energy sector.
“The living standard of workers in the West is artificially too high, while the living standard of people in the East is artificially low [causing lower wage costs],” he said.
Heffernan Capital Management is looking to buy high-skilled manufacturing businesses to relocate here.
Issaree Suwunnavid, CEO for Heffernan Holdings Asia, said the first energy firm – managed by Somyos Durongkadej – had been acquired. Somyos is building a 1-megawatt solar farm in Chiang Mai.
The plant is currently under construction and includes Solar Power, Manufacturing Plant, and an Agricultural testing facility at an estimated cost of Bt350 million. The project has been financed up to this point with about Bt100 million from Ebeling Heffernan.
Heffernan Capital Management will also seek joint ventures with automobile and food production firms. The second phase will be the creation of a portfolio to invest in the stock market.
Heffernan Capital Management has funds under management worth $500 million
Maybacks Global and Inventel Products To Launch Global 24 Hour Shopping Channel • AHRO • Sep 3, 2024 9:15 AM
UC Asset announces plan of management stock buyback • UCASU • Sep 3, 2024 9:00 AM
Element79 Gold Corp Appoints Warren Levy to Board of Directors • ELMGF • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM