Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
The new hedge fund, named Broad Peak, is based in Singapore. Its strategy is multi-strategy and event driven, and its geographical reach is pan-Asia including Japan.
The fund has been launched with a team of twelve. It is being led by Hyder Ahmad and his COO is Michael Moore who is also a former employee of Goldman Sachs. The firm is reportedly scouring the markets for equity traders.
At this stage, Broad Peak executives are reluctant to provide additional information or comment on the fund's investment style, return targets or service providers.
Omicron may have put the bite into the property sector, but commercial property in Asia Pacific is defying the odds in a challenging sector, says a CBRE report.
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Risks including property downturn and ongoing pandemic make for difficult investment decisions.