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.
To initiate its Singapore beachhead, Merrill has sent managing director John Eisenberg from Tokyo to open the new shop.
Simultaneously, Merrill prime brokerage on the trading side has hired director Mark Wallace from Morgan Stanley and VP Manish Ghia from Lehman. They will be based in Hong Kong. Plus, trading has picked up VP Michael Witzenfeld from Bank of America and associate Yoshinori Hayashi from UBS. They will be based in Tokyo. All four will report to Brian Caniffe, managing director of global markets financing and services.
Also joining in Hong Kong are Diana Yang from the NYSE and Ben Williams from Bloomberg. They will both report to Harvey Twomey, director and head of Pacific Rim prime brokerage sales..
In a style akin to the Ostrogoths overrunning the Roman Empire, Melvyn FordÆs Merrill Lynch prime brokerage unit is marauding into the Morgan Stanley/Goldman Sachs prime brokerage Asia duopoly. Recently the team has brought home the bacon in the form of some show-stopping mandates, such as the future Abax Capital launch in Hong Kong.
MerrillÆs is getting a reputation for being able to access on behalf of hedge funds, and provide margin finance for exotic deals, such as those in the illiquid special situation space.
Sylvan Chakman, New York-based Merrill Lynch managing director and co-head of global markets and services, says: ôHedge funds donÆt just want market-access products and leverage. They seek a broad array of alpha-generating products and permanent capital financing. The ability to provide these differentiates prime brokers today.ö
Regional institutions’ investment managers outperformed their external peers, underlining that they are just as vital as modern asset allocation strategies.
AsianInvestor describes why we chose the top funds across a series of key asset classes.
The RM82.64 billion ($20.6 billion) Malaysian Hajj fund, which recently completed a restructure, is looking to diversify globally but remains cautious of risky assets.
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.