In new statements on the extent of greenwashing in the fund management industry, Desiree Fixler highlights some uncomfortable truths about sustainable investing.
His departure may augur more changes at Cazenove staff in Hong Kong, who are reportedly in a state of existential quandary. The Cazenove name may disappear from Asia in 2008 to be subsumed into that of JPMorgan, which acquired a 50% stake in the stockbroker in 2004. JPMorgan also has a call option to buy the remaining 50%, hence the new bout of anxiety: not just that the storied brand will go, but that the Cazenove team will then face a duel to the death against JPMorganÆs own analysts, many of whom cover the same turf.
Before joining Cazenove, Chan worked at Bank of China and spent several years at Lehman Brothers in Hong Kong as head of financial institutions research.
He now joins Thaddeus co-founders Charle Peza and Paul Sheehan, former colleagues who were respectively the telecommunications and bank analysts at Lehman Brothers Hong Kong, plus Nick Spratt who joined after six years of equity analysis in Lehman Tokyo.
It does beg the question, how does a Wall Street securities firm feel when a troupe of its prize analysts sashay off to a hedge fund? Is the emptiness in their heart mitigated by the thought that the new hedge fund could be a future cross-selling contact, perhaps for the ever-growing prime broking sector in Hong Kong?
ôYes, IÆd assume that,ö said a spokesperson for Lehman Brothers. ôItÆs great to know the people who are starting up new hedge funds.ö
Thaddeus Capital was established earlier this summer. Its prime broker is Goldman Sachs.
CDPQ's Ivanhoe Cambridge hires ex-GIC real estate expert; NZ Super adds board member; Future Fund appoints chief people officer; BlackRock real estate CIO joins Singapore's Capitaland; AMP Capital hires MD for energy; Northern Trust AM names new CIO; T Rowe Price hires AU and NZ institutional head; Nuveen hires Southeast Asia institutional head; Citi names sustainability head in Singapore; and more
Investors are increasingly turning to private companies and private debt in their hunt for ESG alpha, but the age-old problem of transparency and due diligence remains
Already on the rise pre-Covid, investments into data centre assets in Asia have accelerated in the past year, fuelled by interest from investors across the spectrum.
Actively managed funds were also not found to have better odds of higher returns than more passive funds.