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
The global platform mirrors the US version: a mathematical investment process that uses a variety of global securities benchmarked to the MSCI World Index, with targeted annualized gross returns of 2.5% to 3% above the benchmark. The firm funded the global version with seed capital in December 2004, and since then the portfolio has beaten the MSCI World Index by 4.64%.
Robert Fernholz, CIO, says it took the firm two years of research to determine that IntechÆs investment process that aims for high information ratios in US equities was applicable to international markets.
The firmÆs process eschews fundamentals for a mathematical discipline that identifies relatively high-volatility stocks with low correlations. It then determines target weightings that should give the portfolio an overall greater return than the benchmark index, but with less downside risk, and with no style drift.
The Global Risk Managed Core Fund is domiciled in Ireland and now has over $2 billion of assets under management from non-US clients.
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.