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.
TransPacific was founded by president Mark Mason, an academic who has taught at Harvard and Yale universities, after he conducted a study of alternative investments for East Asian institutional investors. Using the contacts he made for that work, he spun his academic career into a commercial one, helping Western hedge funds and private-equity firms access Asian capital.
ôFew Asian institutions today deliver good risk-adjusted returns because their portfolios arenÆt diversified,ö Mason says. ôThey are held back from investing in alternatives by their lack of understanding of the asset class û not at the working level, but at the senior board level.ö
Because the top brass donÆt like to admit this, they donÆt support their technocrats. Mason says he provides private, confidential training to such people in order to make them comfortable with alternative investments.
ôHedge fund groups are willing to give only a modest amount of training, because theyÆre not in the education business,ö Mason says.
He founded TransPacific two years ago as a broker/dealer and says he now acts as a placement agent for four alternative-investment groups in the United States and Europe. He says he sources money from institutions in Japan, Korea, Hong Kong and Singapore.
Tracy LiÆs role will be to deepen these relationships and develop new ones from Greater China. She declined to name the hedge fund she used to work for.
Record low borrowing costs in Australia are feeding demand for the country's real estate, with domestic and global investors raising their allocations into the sector.
Experts have a diversified view on the appeal of private assets across the region, but one thing's for certain - inflows are rising, particularly into China and the US.
Malaysia's Armed Forces Fund hires new CEO; Canada's Omers appoints Asia capital markets managing director; HSBC Asset Management creates alternatives unit, appoints CIO as its head; Bank of Singapore names global wealth head; Aware Super hires IFA head; Hong Kong names acting head for MPFA; Schroders adding to Asia ESG headcount; and more.
Asian fixed income assets – including Hong Kong dollar (HKD) bonds – are luring growing numbers of global investors who are striving for reliable and consistent returns amid macro uncertainty compounded by rising inflation and rates, according to HSBC Asset Management.