Insights into Singapore’s Fund Management Scene, along with the latest news from Pilgrim Partners Asia.
Robotaxi rivals Pony and WeRide join Chinese ride-hailing service OnTime's $153M round
WeRide.ai and Pony.ai, which both operate out of China's southern metropolis Guangzhou and California, have participated in OnTime's one billion yuan ($153 million) Series A funding round, according to an announcement from ride-hailing company OnTime on Tuesday. As autonomous driving technology and regulations advance rapidly in China, ride-hailing platforms start looking for solutions to cut labor costs. On the other hand, robotaxi startups also want help from car-hailing services to reach the masses.
BarclayHedge Honours Pilgrim Partners Asia (Ascent GI Futures Fund) at Awards
At the Barclay Performance Awards, where BarclayHedge recognises the top performing funds over various times periods, recognised Pilgrim Partners Asia’s Ascent GI Futures (AGF) Fund with the following awards:
Press Release: OPIM and Pilgrim entered a strategic partnership to cooperatively promote the development of Asian hedge fund industry
This partnership integrates the offering of multiple fund management structures, including private equity and private market assets, and aims to meet fund managers' increasing demand for regulated fund schemes. In the cooperation with PPA, OPIM expects to facilitate and promote the access to fund management structures in Mainland China, Hong Kong, Singapore and the rest of Asia, to share the benefits of the integration and interconnection of the Asian fund market and to support fund managers and investors to develop and conduct businesses more efficiently and economically.
Pilgrim Partners Asia Honoured at 2019 BarclayHedge Awards
2019—We are honoured this year to be recognised by Barclay Hedge for the following categories: