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.
He joins from Forsyth Partners, whose investors have migrated to Crosby Capital, after Forsyth got bogged down over internal liquidity remittances between London and Dubai, which led to the company stopping in its tracks.
Medcraft takes the position of head of business development and marketing in Asia within the Comas unit. He will build his own team and will report to Dr Mehraj Mattoo who heads the Comas hedge fund business from London.
In his Singapore-based role, Medcraft will develop relationships with private banks, independent financial advisers, and institutions in order to secure distribution agreements for Commerzbank funds throughout Asia including Japan.
He will also look at customising and white labelling fund of hedge fund products for large distributors, but the firm is not involved with direct retail sales.
So why is Commerzbank now bringing its alternative business to Asia?
With assets under management reaching over $1.2 billion, the business can now pass the due diligence requirements of large institutional investors, says Medcraft. ôIt is very hard for a new hedge fund of funds business with no assets or track record to enter this competitive market,ö he says.
The appetite of institutional investors for green, social, and sustainable bonds that bring clear environmental and socio-economic benefits shows no sign of waning.
The German insurer has plans for the property sector in Australia and China too.
Global investors are advised to look selectively at Japanese equities as the country recovers from lockdown and continues to improve corporate governance.
Weekly investor roundup: Sun Life weighs second ESG fund in HK; Korea's NPS reduces domestic equity allocation
Sun Life considers launching second ESG fund in Hong Kong as it banks on the growing theme; NPS lowers exposure to large-cap and other domestic shares; Temasek's Vertex Technology Acquisition Corporation becomes first special purpose acquisition company on the Singapore Exchange; and more