The Canadian pension fund plans to increase its allocation to the region from 10% to 15% over the coming four years, even as its total assets under management rise.
Both Mark Talbot, CIO for Asia and Japanese fixed income, and Robert Haber, managing director and regional CEO, have been based in San Francisco. The firm decided that the growing business in the region required a CEO on the ground.
The peripatetic Haber has been able to manage BGIÆs regional business while spending a lot of time in the air. For family reasons, however, he wasnÆt prepared to move to Hong Kong. So Talbot is stepping up. But Haber will continue to have a senior role in BGIÆs Asia ex-Japan business in a new title, vice chairman, in which he can help Talbot with senior-level discussions with the regionÆs regulators and exchanges.
Talbot has served as fixed-income CIO for three years in San Francisco and has just relocated to Hong Kong. He says his next move is to draw a business plan and add people to the team. For now, however, he declines to explain what he has in mind.
They have teamed up with each other and with overseas investors to boost investment capacity in real estate and infrastructure investments in Europe and North America.
Asset owners across Asia Pacific weathered some difficult market conditions in 2020. While most emerged from the year successfully, some notable exceptions suffered asset drops.
Thanks to the current rise in yields, the key return driver of the bond market is set to change but its bull run will very likely continue.
Asian institutional investors were generally more optimistic about post-pandemic economic recovery but only 33% were confident about achieving their short-term objectives.