Saigon Asset Management

Saigon Asset Management
Company typePrivate
IndustryInvestment management
Founded2007
Headquarters
Cayman Islands
Area served
Vietnam
Key people
Louis Nguyen (founder)
ProductsAsset management
AUMIncrease USD $125 million (2014)
Websitesaigonam.com

Saigon Asset Management (SAM) is a fund management and investment banking firm domiciled in the Cayman Islands with an initial focus on Vietnam that subsequently expanded to the ASEAN region. It was founded in 2007 by Louis Nguyen, and as of 2014 had total assets under management of USD $125 million. Its Vietnam office is based in Ho Chi Minh City.[1]

SAM Investment Banking provides private placement, mergers & acquisitions, and corporate finance services in the infrastructure, energy and natural resources sectors. SAM has completed projects in Indonesia, Malaysia, Lao PDR, Cambodia and Myanmar.

Investment Funds

SAM managed a Vietnam-focused, open-end investment fund[2] that was launched in August 2007 and converted from a closed-end fund in June 2013. The fund was listed on the Stuttgart Stock Exchange.

  • Vietnam Equity Holding (VEH) is an equity fund investing in companies with significant exposure to Vietnam.[3] In June 2018, at an Extraordinary General Meeting of Shareholders, a resolution was passed approving a soft wind down of VEH, and the board began an orderly liquidation of the fund's assets.[4] In December 2019, the directors announced that compulsory redemption would take place.[5]
  • Vietnam Property Holding (VPH) was a real estate fund investing in a portfolio of listed property developers and development projects in Vietnam[6] that has since merged with VEH as of June 2017.
  • Vietnam Impact Holding (VIH), which aims to invest in private companies "which support sustainable and inclusive economic growth in Vietnam while achieve competitive risk-adjusted financial return." This GP/LP structured, Cayman Islands-domiciled funds aims to raise US$100 million.[7]

VEH invested in listed companies on the Ho Chi Minh City Stock Exchange and Hanoi Stock Exchange, over-the-counter (OTC), private companies/development projects and/or debt securities.[8]

SAM assisted its portfolio companies in pursuing international standards by taking board positions to influence corporate governance and transparency.[9] It previously held board positions at two listed real estate development companies in Vietnam, Century 21 (C21) [10][11] and Nam Bay Bay (NBB).[12]

In 2014, VEH was ranked in the Top 3 for best investment performance in Vietnam by Edmond de Rothschild.[13]

In November 2016, Hong Kong-based Sunwah Group announced that it formed an advisory service joint venture with SAM.[14]

References

  1. ^ Huong, Thu (November 30-December 6, 2009). Vietnam Investment Review, No. 946, Turning Negatives Into Positives. Page 2.
  2. ^ Vietnam Economic Times- Two SAM Funds Among Best Performers
  3. ^ Son, Xuan (December 2009). Vietnam Economic Times, Issue 190, Constant Amid Change. Pages 10-11.
  4. ^ "Result of EGM to be Held on June 8, 2018". Saigon Asset Management. Retrieved 2021-11-20.
  5. ^ "Notice Of First Compulsory Redemption". Saigon Asset Management. Retrieved 2021-11-20.
  6. ^ Son, Xuan (February 2010). Vietnam Economic Times, Issue 192, Hunting for Jewels, SAM Secures Top Property Fund Ranking. Pages 10-11.
  7. ^ "Vietnam Impact Holding | Saigon Asset Management". saigonam.com. Retrieved 2021-11-20.
  8. ^ Tam, Tu (7 March 2009). The Saigon Times Weekly, No.11-'09 (910), Moving Up Through the Challenges. Pages 18-20.
  9. ^ Son, Xuan (November 2008). Vietnam Economic Times, Issue 177, Transparent and Ethical. Page 10.
  10. ^ The Saigon Times- Middle Income Market Drives Investment
  11. ^ C21 website.
  12. ^ NBB website[permanent dead link‍]
  13. ^ Vietnam Economic Times- SAM Funds Rank Among Top Vietnam Performers in 2014
  14. ^ "HK's Sunwah to invest $100m in Vietnam, forms JV with Saigon Asset Management". DealStreetAsia. Retrieved 2021-11-20.