MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
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.
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.
The asset allocation matrix is becoming more complex as investors look for new sources of returns beyond traditional asset types. How can investors measure and maximise returns in compounded portfolios?
When it comes to family offices, the generations don't always see eye to eye. For the younger generation, ESG concerns and tech plays are beginning to predominate.
Kwap property arm appoints CEO; VFMC names new CEO as Lisa Gray retires; MSIG Singapore promotes Mack Eng as CEO; Monroe Capital opens first Asia office in Seoul, hires head from Aberdeen; Vanguard Australia appoints new MD to relocate from US; HSBC AM expands EM debt team; Vantage FX hires from CGS-CIMB in Singapore; and more.