MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
Furthermore, the best performing regional hedge fund sector was Japan, with a 0.82% positive performance.
The picture isn't so good elsewhere, however. Overall hedge funds lost 0.38% in November and thatÆs the sixth straight month of declines. Funds of hedge funds lost 1.3% to show an 11-month dismal performance of -18%, and that is nearly 50% worse than for the overall hedge fund index.
These are an early snapshot of Eurekahedge results. The firm expects that the sector loss may worsen from -0.38% to around -2% when all funds have reported. (Presumably on the rationale that if your result is a stinker, you won't be in such a hurry to send your performance numbers in).
Commodity trading advisor (CTA) portfolios, managed futures, fixed income and macro each had a positive month, but all other hedge fund strategies were down for November.
Industry assets have fallen in the month by $64 billion. This is made up of $18 billion in losses and $46 billion in net redemptions.
Investors are increasingly turning to private companies and private debt in their hunt for ESG alpha, but the age-old problem of transparency and due diligence remains
Already on the rise pre-Covid, investments into data centre assets in Asia have accelerated in the past year, fuelled by interest from investors across the spectrum.
Actively managed funds were also not found to have better odds of higher returns than more passive funds.
Investors still favour private equity assets for their higher growth, better governance structures, and diversification potential.