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
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.
Investors still favour private equity assets for their higher growth, better governance structures, and diversification potential.
The recent focus on greenwashing has put bond issues under greater scrutiny. However, some market participants believe this risks paralysis by analysis.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.