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.
The Korea-focused fund is named after, and will be managed by Kyle Shin, who used to be the head of Kingdon Capital in Korea.
The intention is to soft close the fund at $150 million. The target return is 20% plus per annum with a volatility of less than two-thirds the market volatility.
ôI am especially bullish on companies in the technology sector in Korea because they currently hold a lot of cash on their balance sheets,ö says Shin. ôKorea is the second cheapest country in relation to company valuations in Asia so there is a continuous stream of ideas and possible trades available.ö
Gross exposure is expected to range between 150% and 250%, and net exposure at -20% to +50%. There is a 2% management fee and a 20% performance fee with a high watermark.
The fundÆs lawyers are Simmons & Simmons. Goldman Sachs has been chosen as the prime broker, administrators are to be confirmed.
Malaysia's Armed Forces Fund hires new CEO; Canada's Omers appoints Asia capital markets managing director; HSBC Asset Management creates alternatives unit, appoints CIO as its head; Bank of Singapore names global wealth head; Aware Super hires IFA head; Hong Kong names acting head for MPFA; Schroders adding to Asia ESG headcount; and more.
The French fund house becomes the world’s largest responsible asset manager to help asset owners implement sustainable investing, underlining its serious commitment to ESG.
The long-waited infrastructure Reits have finally arrived in China and, while experts see a slow start with hurdles ahead, they say it will later move to a 'big bang'.
AsianInvestor reveals the second half of the standout funds in our latest awards, including equity funds, the top Reit and the best smart beta vehicle.