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.
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.
Sunsuper and QSuper appoints CIO for combined entity; State Street appoints heads of HK and Taiwan; Nothern Trust rebuilds Apac team; Manulife IM names emerging markets fixed income CIO; RBC Wealth Management hires four into HK; Lombard Odier hires two senior equity managers; Allianz Global Investors appoints Asia hand as equity CIO; and more.
Investors from China and the US are expected to continue buying assets in each other’s markets despite the blacklist of Chinese firms with military and surveillance ties.
Stronger government actions are needed to meet the Paris Agreement goal of limiting global temperature rise to 1.5 degrees, investors such as Hesta and CDPQ signed in a statement.
AsianInvestor explains why we chose the winners of the second half of our 2021 fund manager winners, by major local markets.