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 firm has since grown to 18 staff members, including an eight-person investment team, all of whom will have a level of involvement in the new fund under Matt Barnett. Volatility trading has played an important role as one of the three components of the original fund, along with the equity long/short and relative value sub-strategies. While the core ethos of strategic portfolio building and gamma trading will transition across to the VolAsia fund, it will also take on a much broader approach to volatility trading and a greater flexibility across equity-based products and indices.
The DragonBack Asia Pacific Equity Multi-Strategy Fund has now hard closed with $565 million under management. The new fund will come out with a soft close target of $250 million.
The VolAsia fund will always be long gamma and square to long vega. No target figures for return or fund volatility have been disclosed.
Fees will be a 2% management fee and a 20% performance fee. Redemptions will be monthly with 90-days notice and there will be a 10% gate at the fund level.
Service providers are Credit Suisse and Goldman Sachs as prime brokers and HSBC as administrators.
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.