Capital Group names new Japan president; Robeco replaces Singapore chief; Hillhouse Capital hires ex-Blackstone MD; Vontobel expands EM debt team; HSBC Global AM names Apac ETF sales head; Manulife creates new digital business role; Stanchart names CIO for wealth management; TMF appoints fund services exec in Shanghai; and more.
The plan is to extract coal bed methane gas from mines in the Shanxi Province of China and use it to generate electricity and produce carbon credits.
Simultaneously, Man Investments has announced the commencement of Man Environmental Capital Opportunities, which will look to invest in private equity projects pertaining to climate change, energy-related security and energy related technological innovations. The venture will be run by Nick Wood, who sits on the management committee of Man Investments.
Is this the smell of the future? Film fans will recall from the ominously prescient 1985 movie Mad Max Beyond Thunderdome, with oil having run out, the post-apocalyptic world was powered by a methane refinery, available in unlimited quantities courtesy of its pigs. Via the imposition of energy embargoes from time to time, the man who controlled the pigs, controlled Bartertown.
New European Union regulations being introduced in March will raise the bar for ESG reporting and could well hurt the appeal of energy- and carbon-intensive stocks.
Hurdles such as foreign exchange limitations still exist, but the new rules could help private equity fund managers and investors with ESG integration.
JP Morgan AM hires Asia head of investment stewardship; Hines appoints Asia CIO; JLL names new India CEO; William Blair IM hires Asia sales head; Colliers appoints new Australia chief; Fidelity moves into private credit; Broadridge adds Apac COO; Nomura adds 20 private bankers in Hong Kong and Singapore and more.
By applying the ‘Investment Clock’ framework, investors can link factor behaviour across economic cycles in the US.