Private credit might be less attractive than it was last year as investors rush into the market, but there are sweet spots to be found.
Levy used to work for Sydney-based hedge fund FreeSpirit Group and before that, JP Morgan, Morgan Stanley and Credit Suisse as an equity salesman. He was CEO of FreeSpirit and chaired the investment committee. He was in charge of the middle office systems and managed the position risks across the portfolios.
An Asian hedge fund manager recently told AsianInvestor that he preferred talking shop with a prime broker who had once gotten his hands dirty in a hedge fund, rather than a corporate lifer who has a theoretician's grasp of backoffice problems.
This particular Aussie hedge fund manager, FreeSpirit, operated three long/short Asian funds with assets under management of approximately $150 million. Although the funds were listed on the Irish Stock Exchange, the partners felt ultimately that they hadnÆt achieved critical mass and so took the decision in 2007 to return funds to investors.
In his new role he will report to Eddie Guillemette, the co-head of global markets financing and services for the Asia-Pacific region.
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Investors are increasingly turning to private companies and private debt in their hunt for ESG alpha, but the age-old problem of transparency and due diligence remains
Already on the rise pre-Covid, investments into data centre assets in Asia have accelerated in the past year, fuelled by interest from investors across the spectrum.
Actively managed funds were also not found to have better odds of higher returns than more passive funds.