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 firm will soon introduce its Lyxor Diversified Fund to investors such as high-net-worth individuals and private banks. This fund will be a Japanese-domiciled replicant of an existing fund of hedge funds managed in Paris.
ôI think that the Japanese prefer buying domestic funds rather than offshore funds, though we have sold a lot of Cayman-domiciled funds,ö says Dubois.
Lyxor Diversified Fund is a global fund of hedge funds and the Asia-specific hedge fund managers on the list of that fund of hedge funds comprise of Martin Currie, Prodigy, Sparx, Myojo, Gartmore Japan, Himeji, RP Japan and Rubicon. Year-to-date, the fund is up 8% and its fees are 1% and 10%.
Lyxor will operate a staff of ten in Tokyo, and the president of Lyxor Japan is Toshiro Kubozono who joined the firm in 2006. Previously he had been head of product development at Putnam Investments.
Lyxor operates several different strategies, including exchange-traded funds, index funds and alternative investments. In the latter arena, it manages $34 billion and says it is the worldÆs seventh largest fund-of-hedge-funds manager.
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.