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.
This is a new dedicated role set up by the company which sees Asia as an increasingly important region for the marketing of its quant capability to institutional investors.
The bulk of GSAMÆs quant strategy team is based in London and provides underlying investment models for products sold on by institutional clients including absolute return, hedge fund, fixed income, equities and commodities funds and structures.
The team is led by director of quantitative resources Robert Litterman, based in New York, who co-authored the Black-Litterman Global Asset Allocation Model with Nobel prize-winning economist the late Fischer Black. Litterman is responsible for quantitative and global investment strategies.
State Street has yet to announce a replacement for Pascoe. He joined the firm in 1999 and served both in Hong Kong and Australia. He was named Asia CIO in 2005 when he transfered to Hong Kong for his second stint in the territory.
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.
The “lower for longer” monetary policy and stimulus packages, coupled with the rolling out of vaccine programmes favorably support real estate investing in the region, with offices and data centres presenting forward-looking opportunities.
As US fixed income default rates rose and yields fell during the pandemic, are Asian bonds, which have had more stable yields through 2020, looking more attractive?
Insto roundup: Norway's Oil Fund praises China governance efforts; NPS commits $100m to taxi-hailing app
Norway's Oil Fund welcome Chinese proposals improving transparency and shareholder protection; HK's MPF assets surge 35% year on year; Korea's NPS commits $100m to TPG consortium to invest in taxi-hailing app; Poba commits W270bn to European property; Malaysia's EPF sees investment income rise 59% year-on-year in first quarter, and more.