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.
The deal, which remains subject to the regulators nod, is priced at $226 million in cash and Sparx shares.
The joint plan sees PMA retaining its alternatives focus with its current business operations. All of its managers will stay on board, spearheaded by its chief executive officer Farhat Malik. Some of the PMA top managers will become major shareholders within Sparx.
Sparx Asset Management was founded in 1989 by Shuhei Abe. It explores a range of approaches to the markets, from opportunistic long/short strategies, to a longer term fundamental approach. Among its alternatives products, it operates both a global and Asia Pacific funds-of-funds.
Some industry sources regard PMA to be the biggest and best home-grown hedge fund/alternative investment manager. It was established in 2002 with offices in Hong Kong, Dubai and London.
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.