There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
Stephen Hunt and Jeffrey Sacks shook hands on the establishment of their new hedge fund on the platform at Paddington Station, familiar to commuters and Devon-bound holiday-makers.
Managing partner Stephen Hunt has been in Asia for 14 years. He formerly worked as head of regional sales at Nomura Securities in Singapore. His co-managing partner Jeffery Sacks used to be the fund manager for the MPC Amethyst Fund and is running PaddingtonÆs London office.
The fundÆs strategy is Asia ex-Japan long/short, looking out for under-priced business models, with a deep-value orientation and a mid-cap bias.
The fund was launched in late 2006 and by the end of April 2007 recorded a 7% return. Net exposure is running at around 30%.
There are no lock-ups or redemption fees for investors. Management and performance fees for Paddington are 1.75% and 20%.
The fund started with assets of $15 million and has risen to $21 million.
PaddingtonÆs service providers are Merrill Lynch as prime broker, SJ Berwin as lawyers and Northern Trust as fund administrators.
The 1946 David Lean romantic drama Brief Encounter was set in the fictional Milford Junction railway station. The Paddington hedge fund looks set to be far more enduring than the affair in Noel CowardÆs screenplay.
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.
The Australian pension fund joins other asset owners in eyeing private credit opportunities in the Asia-Pacific region, although liquid defensive assets retain a majority of allocations.
Alternatives news roundup: Asia Pacific's alternatives market to hit $6tr by 2025; Indonesia's SWF to buy troubled toll roads
Asia Pacific alternatives market to grow to $6tr by 2025; Australian private capital assets rose to A$77 billion in mid-2020; Chinese authorities limit cash management products holding riskier securities; Indonesia's sovereign wealth fund to acquire several toll roads; Korean institutional investors support scheme to buy US asset-backed securities; and more.