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 ASX listed investor, with A$700 million under management and seven individual property trusts, has already pinpointed Singapore, Hong Kong and Japan as potential markets.
ôOver the past year we have developed an indepth knowledge of the Asian property and REIT markets, and have conducted a number of research visits to identify the most attractive investment opportunities,ö says MacarthurCookÆs managing director Craig Dunstan.
ôInstitutions seeking greater investment opportunities than those present in AustraliaÆs REIT market will find that diversification into Asian real estate securities can provide higher returns.ö
Dunstan says Asian REITs with premium assets have outperformed the general economy, and that there is scope for asset enhancement and greater efficiency, especially with the low cost of debt.
MarcarthurCook is hoping to pick up institutional investor mandates to manage either solely Australian securities or Asian-Pacific securities.
The firm has recently joined the new Asian Public Real Estate Association, which is assisting in the development of the property trust market in Asia, and is employing Malaysian-born Vee Chan Soe as a specialist Asian REIT analyst.
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.
The fund's 29.6% returns marked its best ever and exceeded its reference portfolio, which has 80% allocated to equities, by 1.73%.