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
Management fee and performance fee for the new fund are 2% and 20%, respectively. The target return is 15%-20% and the annualised volatility will be approximately 8%.
Maximum leverage for the fund is 250%. The maximum net long exposure is 80% and maximum short exposure is 80%.
Paul SmithÆs new alternative investment firm Triple A Partners has seeded the fund with $10 million and will undertake the role of investment manager and distributor. Target size for the fund is $50 million by the end of 2008.
Ernst & Young serves as auditor. The prime broker and administrator is Goldman Sachs. Middle office, backoffice and risk controls will be provided by CLSA Fund services.
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.
The asset allocation matrix is becoming more complex as investors look for new sources of returns beyond traditional asset types. How can investors measure and maximise returns in compounded portfolios?
When it comes to family offices, the generations don't always see eye to eye. For the younger generation, ESG concerns and tech plays are beginning to predominate.
Kwap property arm appoints CEO; VFMC names new CEO as Lisa Gray retires; MSIG Singapore promotes Mack Eng as CEO; Monroe Capital opens first Asia office in Seoul, hires head from Aberdeen; Vanguard Australia appoints new MD to relocate from US; HSBC AM expands EM debt team; Vantage FX hires from CGS-CIMB in Singapore; and more.