Temasek-Backed Fund Amasses $10 Billion for Global Foray
- Avanda Investment has seen assets more than double since 2015
- Co-founder Ng wants to broaden client base and investments
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Each morning Ng Kok Song meditates for 25 minutes to clear his mind. Later he may tend to his garden or even take a nap. But far from enjoying a quiet retirement, the 74-year-old has built one of Singapore’s fastest-growing investment firms with plans to make it a global player.
Avanda Investment Management’s assets have more than doubled to around $10 billion since it was co-founded by Ng in mid-2015 -- soon after he retired from sovereign wealth giant GIC Pte. as its chief investment officer following a 42-year career in the public service.