ESG is no passing fad, as more investors are convinced that alpha can be found in ESG and regulators continue to introduce rules to lift ESG standards.
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.
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.
The Australian pension fund joins other asset owners in eyeing private credit opportunities in the Asia-Pacific region, although liquid defensive assets retain a majority of allocations.
What can asset managers and other stakeholders in the country do to further drive sustainable investing, particularly among smaller asset owners, in the country?