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
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.
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.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.