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.
She joins from Lion Capital Management in Singapore, a subsidiary of OCBC, where she was an associate director with the Asian equity team. She managed Asian mandates and was portfolio manager for the Korean and Taiwan funds. These were long-only funds for unit trusts offered to retail investors. Before then she worked at GE Life Assurance Company and SMRT, where she covered Asian equity markets.
ôKorea has been neglected,ö says Lim. ôIt has been a laggard and offers opportunities for the event-driven side. The Lone Star situation did present some concerns, but the Korean government has continued with its programme of liberalisation.ö
This hire presages a greater involvement by FCM in Korean and Taiwanese markets.
Michael Lien, a former head of corporate finance at Morgan Stanley in Singapore, says, ôWe like the unfashionable markets, Taiwan and Korea, from a bottom-up perspective. Corporate balance sheets have been rebuilt. Our shortlists in those countries are growing.ö
In Korea FCM says it sees opportunities with KamcoÆs divestments of its investment interests. These companies are often already quoted, with Kamco holding majority stakes, which they are now in the course of selling. FCM sees competition to buy back these stakes from the next generation of the former owning families.
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.