There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
He will be covering all Asian banking markets from Japan to India as well as high beta financial institution stocks in the States plus Puerto Rico, Hawaii and US niche banks. He has been hired in response to the growing opportunities in the Asian banking sector and his extensive track record of expertise in the local financial institution markets.
Starting out in the Federal Reserve, Monaco worked in the late nineties as a financial institutions equity analyst in Hong Kong for Bear Stearns, Lehman Brothers and Morgan Stanley. He joins FrontPoint from brokerage Sterne Agee & Leach, which is based in Birmingham, Alabama, where he was a senior vice president covering US banks.
He will be based in New York but plans to visit Asia several times per year. He will report to Steve Eisman, who is the portfolio manager for FrontPointÆs Financial Services Fund.
FrontPoint has approximately $5.5 billion in assets under management. The firm was acquired for an undisclosed price by Morgan Stanley in late 2006. FrontPoint is a platform based in Greenwich, Connecticut. In Hong Kong, its fund managers are executive director James Soutar along with Kenrick Leung, where they run the $400 million FrontPoint Asia-Pacific Fund together with a Greater China Long/short fund which was established in mid 2006.
To get the clarity they want to make informed portfolio decisions, asset owners and managers must now blend and adapt multiple sources of traditional and non-traditional data to create actionable insights, said speakers at a webinar hosted by AsianInvestor and IHS Markit.
The country's largest insurer Ping An set up a $62 billion green investment target by 2025. Several more players are also joining the hunt for sustainable assets.
The boss of Thailand’s second-largest pension fund hopes that proposed changes in the law will help her diversify more into overseas markets. She is particularly bullish on China.
Investors can still find spread premiums in niche private debt, with the asset class's prognosis looking strong, said a keynote speaker at AsianInvestor’s latest summit on Wednesday.