The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
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.
Regional institutions’ investment managers outperformed their external peers, underlining that they are just as vital as modern asset allocation strategies.
AsianInvestor describes why we chose the top funds across a series of key asset classes.
The RM82.64 billion ($20.6 billion) Malaysian Hajj fund, which recently completed a restructure, is looking to diversify globally but remains cautious of risky assets.
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.