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
Cambodia, a borderline failed state, does not protect the most vulnerable in its society. Children in erstwhile seaside resort Sihanoukville, particularly those subject to dodgy parenting and chronic poverty, frequently descend to a life of drug abuse and child prostitution.
A new facility for local kids is being opened this week by the three ADM principals. It has been built for Sihanoukville foundation MÆLop Tapang and it includes classrooms, sports facilities, a canteen and a health clinic.
As well as this project, ADM takes an interest in the animal kingdom, by virtue of Rob ApplebyÆs period in academia as a marine biologist, and it contributes to programmes that seek to keep sharks from the cooking pot. (ADMÆs corporate insignia is a shark.)
On dry land in Hong Kong, the ADM Capital Foundation has commissioned a study into Hong KongÆs feculent air, and found that contrary to popular spin-doctoring, all the foul pollution does not blow in from across the PRC border.
ôA great deal of it comes from the vehicles in Hong Kong, especially the ships in Hong Kong waters burning bunker fuel, which is incredibly dirty and a major pollutant,ö Rob Appleby tells AsianInvestor.
In Asia, as well as the ADM Capital Foundation, there is the Rice charity, which is run by a number of figures from the alternative investment industry. Charity among hedge fund managers is perhaps best known in Europe, with donations from Christopher HohnÆs ChildrenÆs Fund making him one of the worldÆs most generous benefactors. He donated $230 million during the last year and over $1 billion in total.
ADM Capital, founded by Chris Botsford, Denys Firth with Robert Appleby, is one of AsiaÆs best known distressed and special situations funds managing assets of over $1.9 billion. It won Asian InvestorÆs award for Best Distressed Fund in 2007 for its triptych of Maculus Funds.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
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.