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 had most recently served as the Asian head of structured credit at HSBC. Before then, he worked for Moody's Investor Services as a senior credit officer. He began his career as a litigator in New York with Jones, Day, Reavis & Pogue and later with Fried, Frank, Harris, Shriver & Jacobson. He attended Harvard College and Harvard Law School.
3 Degrees has also recently hired Tannee Woot as senior marketing manager. Previously, she was an assistant manager with EDB Investments, a wholly owned investment arm of SingaporeÆs Economic Development Board.
ôPerformance for the Asian Debt Fund is plus 2% year-to-date, with no down months,ö says founder and managing director Moe Ibrahim. ôWe have outperformed our closest comparables in 2007 and again in 2008.ö The fund was up 14% in 2007.
AsianInvestor magazine has been following Asian Debt FundÆs acquisition and management of the Bintan Lagoon Resort, which we believe to be the only local holiday destination owned and operated by a hedge fund.
ôMarch 2008 was another record month for us,ö says Ibrahim. ôWe experienced record hotel revenue. The position is doing extremely well."
Ibrahim notes that Malaysia's Landmark, backed by Genting, which owns a 300-hectare plot of land on Bintan, has secured a provincial casino license for Bintan and they are confident that this will be approved by Indonesian lawmakers in May.
"Needless to say, if this happens, we're very happy, but as again, it is Indonesia," Ibrahim says. "With casinos in Macau, Singapore and elsewhere, Indonesia will need to compete and eventually this will be a reality and Bintan is in pole position.ö
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.
The Australian pension fund joins other asset owners in eyeing private credit opportunities in the Asia-Pacific region, although liquid defensive assets retain a majority of allocations.
Alternatives news roundup: Asia Pacific's alternatives market to hit $6tr by 2025; Indonesia's SWF to buy troubled toll roads
Asia Pacific alternatives market to grow to $6tr by 2025; Australian private capital assets rose to A$77 billion in mid-2020; Chinese authorities limit cash management products holding riskier securities; Indonesia's sovereign wealth fund to acquire several toll roads; Korean institutional investors support scheme to buy US asset-backed securities; and more.