Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
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.
Omicron may have put the bite into the property sector, but commercial property in Asia Pacific is defying the odds in a challenging sector, says a CBRE report.
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Risks including property downturn and ongoing pandemic make for difficult investment decisions.