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
While at Calpers she had implemented a new investment strategy into Asia and managed a portfolio of seven international commingled and separate account funds.
Hers is a new role at Franklin Templeton, designed to help the firm boost its investments into Asia-based real-estate managers. The firm manages $2.5 billion of real-estate investments as funds of funds. She could not say whether the firm is preparing to introduce new products or if it is enhancing the existing offering.
JungÆs role will be to identify third-party real-estate managers in Asia, conduct due diligence, run her team and keep an ear to the ground for new opportunities. New allocations to Asia-Pacific deals have increased from 20-25% of the portfolio to over 30% today.
She does note that certain Asian investments can provide different risk/return profiles than most real-estate portfolios. Unlike the United States, the markets of India, China and Southeast Asia are immature and can generate greater returns, but at greater risk. The firm wants to increase its business in global real estate as it provides diversification and steady income for clients.
Franklin Templeton Real Estate Advisors manages strategies in private and public real-estate markets, for institutional and retail clients. It is an arm of Franklin Templeton Institutional.
The firm has also just promoted four of its senior executives to managing directorships. Jack Foster, Raymond Jacobs, Glenn Uren and Marc Weidner now comprise its management committee, and Jung reports to all of them.
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.