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.
In this new post, created to explore the growing generation of Asia ex-Japan hedge fund managers, STbastien Honniball will work with David Agbim, senior investment manager, who covered Asia from within the region for over a year before recently relocating to London.
Historically, Man Investments' business in Hong Kong has been sales and distribution of its products. MGS has been interested in and looking at hedge fund investments in the region for a number of years already, so it sees this hire as a natural expansion
Honniball will focus on sourcing the Asia-based hedge fund opportunities for MGS by conducting due diligence on identified managers, including early-stage hedge fund managers. In addition to this, he will be actively involved in monitoring existing investments in the region.
In the past, Honniball worked as a member of the MGS London investment team for more than five years, and recently spent time with the nascent Hong Kong-based fund of hedge funds Alphatraxx, alongside Andrew Sinclair, Richard Norris, Michael Schulz and Janice Chan, before leaving in May 2006.
MGS manages $15 billion of assets. It builds and manages hedge style and multi-strategy portfolios, including the portfolios for Man InvestmentsÆ structured products. As a result, it says it is searching for hedge fund managers in Asia with whom it can participate and form associations
Alongside these associated managers, MGS also has the ability to make allocations to other wings of the Man Group. MGS is a division of Man Investments, which has global assets under management of $54 billion, through its core investment managers AHL, Glenwood, MGS and RMF. Some 40% of ManÆs assets-under-management is estimated to be sourced from the Asia-Pacific region.
Sunsuper and QSuper appoints CIO for combined entity; State Street appoints heads of HK and Taiwan; Nothern Trust rebuilds Apac team; Manulife IM names emerging markets fixed income CIO; RBC Wealth Management hires four into HK; Lombard Odier hires two senior equity managers; Allianz Global Investors appoints Asia hand as equity CIO; and more.
Investors from China and the US are expected to continue buying assets in each other’s markets despite the blacklist of Chinese firms with military and surveillance ties.
Stronger government actions are needed to meet the Paris Agreement goal of limiting global temperature rise to 1.5 degrees, investors such as Hesta and CDPQ signed in a statement.
AsianInvestor explains why we chose the winners of the second half of our 2021 fund manager winners, by major local markets.