FILE PHOTO: A plastic bottle drifts on the waves of the sea at a fishing port in Isumi, east of Tokyo, Japan November 21, 2018. REUTERS/Issei Kato/File Photo
SINGAPORE: For some money managers, closing a US$100 million fund would be akin to reeling in a big fish. For Rob Kaplan, it’s just the bait.
Kaplan, a former Walmart Inc. executive, plans to invest the US$106 million he’s raised from some of the world’s biggest plastics makers in companies that promise to prevent trash from ending up in the oceans.
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