There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
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.
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.
The Australian pension fund joins other asset owners in eyeing private credit opportunities in the Asia-Pacific region, although liquid defensive assets retain a majority of allocations.
Alternatives news roundup: Asia Pacific's alternatives market to hit $6tr by 2025; Indonesia's SWF to buy troubled toll roads
Asia Pacific alternatives market to grow to $6tr by 2025; Australian private capital assets rose to A$77 billion in mid-2020; Chinese authorities limit cash management products holding riskier securities; Indonesia's sovereign wealth fund to acquire several toll roads; Korean institutional investors support scheme to buy US asset-backed securities; and more.