Fubon Life offloads 5 funds at $270m profit; Cathay Life commits $50m to Summit Partners vehicle

Fubon Life offloads 5 funds at $270m profit; Cathay Life commits $50m to Summit Partners vehicle

Taipei. Photo: Unsplash

Taiwanese insurer Fubon Life Insurance has disposed of its holdings in three USD-denominated and two EUR-denominated funds at an expected profit of about $270 million.

Edited by: Padma Priya