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Bank of Singapore to buy Malaysian fund manager

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Pacific Mutual Fund, which manages fixed income, equity and Islamic funds in Malaysia, is 70% owned by OCBC subsidiary Lion Global Investors. Koperasi Angkatan Tentera Malaysia Berhad owns the remaining stake in PMF. The transaction should allow the private bank to extend its presence in Malaysia, which is home to…

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Click here to read the full story: Fund Selector Asia

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