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.
Choi used to work at BNP Paribas and Nomura. He set up his own hedge fund called Middle Island Capital in 2008, but shut it down because of the turmoil and joined EIP.
The $25 million EIP Overlay fund was up 17.31% in 2008, in comparison to the MSCI Emerging Asia index which was down 54.09% in that period. The last two years of fund performance have produced a cumulative return of 44.18% and a Sharpe ratio of 1.63. The EIP Overlay Fund has a market neutral strategy abetted by a stock borrow arrangement from a sister index fund also run by EIP.
EIP launched its second hedge fund known as the EIP Aleph Fund late in 2008. The Aleph fund has a multistrategy approach, offering market neutral, relative value and volatility strategies.
Omicron may have put the bite into the property sector, but commercial property in Asia Pacific is defying the odds in a challenging sector, says a CBRE report.
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Risks including property downturn and ongoing pandemic make for difficult investment decisions.