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
Schulz is taking the post of risk manager for Asia at CQS. In LehmanÆs prime broking unit, he was senior vice-president for portfolio financing and risk management. Between 2000 and 2005, he was senior vice-president for risk management at Lehman in New York, where he was head of market risk for global equities, and in Tokyo, where he was responsible for market risk regionally. Sandwiched between his two spells at Lehman, he helped set up Hong Kong fund of hedge funds firm Alphatraxx.
Joining him is Hui, who will be working as a relationship manager within CQSÆs marketing and investor relations team. Hui was previously a vice-president in prime brokerage sales at Lehman Brothers Asia, having joined Lehman Brothers Tokyo in 2005.
With its remarkable output of hedge fund and fund of funds success stories in the last five years, Lehman Asia is very much becoming a æbillionaires factoryÆ for breeding alternatives talent. Schulz and Hui follow in a long and distinguished list of Lehman executives joining the fund management industry in Asia, which includes Steve Diggle, Charle Peza, Huy Hoang, Paul Cuthbert-Brown, Paul Sheehan and æBillionaire TomÆ Picard.
In addition, mining and natural resources specialist Andrew Ferguson has also transferred from CQS London to the office in Hong Kong. Before joining CQS, he co-founded New City Investment Managers Limited, which was acquired by CQS in 2007.
As an Asian counterpoint to its flagship CQS fund, CQS also launched an Asian convertible arbitrage hedge fund in 2007, focusing on convertible bond and equity strategies, investing across Asia with a volatility bias.
The Hong Kong office of CQS was established in 2005 by Brian Pohli. CQS was founded in 1999 by Michael Hintze, who remains CIO. He previously ran convertible bonds at Credit Suisse First Boston and before that was at Salomon Brothers and Goldman Sachs.
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Financials and healthcare have been spotted as promising sectors, while several tech IPOs are on the way, including a $2.2 billion fintech firm and a GIC-backed e-commerce startup.
A strong recovery in the Asia Pacific private capital markets in 2021 sets up favourable hiring and compensation trends.
The $95 billion Korean savings will set up a separately managed account for real estate debt investment early next year in order to shorten decision-making and help it win deals in a crowded market.