New Silkroutes Group snaps up 51% stake in Singapore-based investment manager

To expand its fund management business.

SGX-listed New Silkroutes Group Limited revealed that it will acquire a 51% equity stake in Stamford Management, a Singapore-based investment manager overseeing about US$250 million in assets.

The move is part of a major push to expand its own asset management business.

NSG’s wholly-owned New Silkroutes Capital will hold the controlling stake in Stamford Management.

The new partnership has started marketing itself to accredited high net worth individuals and institutions in the United States, Europe, the Middle East and North Africa, as well as China, NSG said in a statement.

In addition to Stamford Management’s core base of clients in Asia, it will manage funds across multiple strategies customised for investors in these
regions.