Singapore’s Keppel aims to more than double data centre FUM near term.
Singapore’s Keppel said on Thursday it aims to more than double its data centre funds under management, as the firm tries to tap into artificial intelligence frenzy, driving investment into digital infrastructure.
Keppel said it aims to more than double its data centre FUM, from the current S$9 billion ($6.80 billion) to S$19 billion in the near-term.
Separately, the global asset manager reported a largely unchanged underlying net profit for the nine months ended Sept. 30 compared with last year. ($1 = 1.3227 Singapore dollars) (Reporting by John Biju in Bengaluru; editing by Alan Barona)
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Singapore’s Keppel aims to more than double data centre FUM near term. source