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Avenue Asset Management eyes US$1 billion AUM target, with IPO on the horizon

Avenue Asset Management expects that its assets under management (AUM) will grow to US$1 billion over the next 12 months – “a conservative estimate” based on its AUM per relationship manager (RM) forecasts, says executive director and founding partner Eric Pong, who adds that Avenue plans to go public in three years’ time. The two-year-old independent asset manager (IAM) has 10…

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