Departing CEO Fiona Reynolds tells AsianInvestor how she hopes that, within a five-year period, human rights will be as important as climate issues for most investors.
AIP, formed in 2000 in Philadelphia, is the fund-of-funds division of Morgan Stanley Investment Management. It has three businesses: private-equity funds, hedge funds and real-estate funds. Gong will cover the Asian business for funds of private-equity funds. Asian investments in the other two asset classes will continue to be handled from America.
Gong is working with one other investment professional already on the ground, whom the firm declined to name. She will continue to report to the AIP division, based near Philadelphia.
Until now, AIP sourced Asian investments from the US. The firm now manages $7 billion in FoPE funds, and as the asset size rises, so does the amount being invested into Asian-based private-equity fund managers; the number of these in the region also has reached a sufficient size to warrant setting up a local office. It already has an office in London.
GongÆs responsibilities are to first assess interesting private-equity investment stories in the region, and second to identify the best managers positioned to execute them. She will look for opportunities in fund investments, co-investments and secondary investments.
Gong joined Morgan Stanley AIP as a vice-president in the US in early 2007, after previously working for JPMorgan in Hong Kong, London and New York. She has also worked at the International Financial Corporation, the private-sector arm of the World Bank, in Washington, DC.
The NGO's election of a Japanese insurer board member promises to improve ESG stewardship in fixed income, plus bridge the gap between investors and policymakers.
Insto roundup: GPIF makes record cut to treasuries weighting; AustralianSuper to triple private debt investments
Omers to buy Indian renewable power producer; GPIF made record cut to treasuries weighting; AustralianSuper's private debt investments to hit A$15 billion by 2024; Hong Kong Exchange Fund's investment income recovers for H1 2021; China's securities regulator claims to seek closer cooperation with US; Allianz wins approval from Chinese regulators to launch asset management firm; and more
Non-deliverable forwards are now at the forefront of mind for investors in the region after the pandemic, despite some regulatory concerns.
Future Fund internally appoints deputy CIO for portfolio strategy; CPPIB promotes Suyi Kim to run global private equity; NPS extends CIO term for second time; Willis Towers Watson appoints Australian investments head; Knight Frank promotes Apac director to run global capital strategies; Natixis Investment Managers names head of distribution for Emea.