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.
Arif Imam is ShakaÆs business manager and is a former managing director at Morgan Stanley, responsible for global distribution of Japanese equities.
The portfolio manager is Alexandre de Bethmann who formerly worked at Federated Global and TIAA-CREF.
ShakaÆs trader is Douglas Butcher, who was also a managing director at Morgan Stanley where he handled client trading for Japanese equities.
Target return is 12-15% per year on a Sharpe Ratio of 1.2 to 1.5. It is a Japan-only long/short equity fund concentrating on the top 250 stocks in that market. The focus on large-cap stocks is in part because of the very liquid state of the short borrow that lends to running a truly efficient hedged fund.
ôA Japan hedge fund strategy which operates in the large-cap space can be run much more efficiently as opposed to a small- and mid-cap strategy which can become a long-only proxy when fund sizes get too large,ö says Imam.
ôJapanÆs banks and corporations should be in a position to start exporting capital internationally in the next 12-18 months, thus setting it apart from its peers and this theme will start to emerge specifically from within large-cap stocks,ö he adds.
Service providers are Morgan Stanley as prime broker, GGK as auditor, and SS&C Fund Services as hedge fund administrator.
There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
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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.