After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
A chartered financial analyst and graduate of National University of Singapore, Ho joins from Morgan Stanley Capital International (now known as MSCI Barra), where he had worked for seven years with various postings including Singapore, New York, Geneva and Hong Kong.
In Singapore, he was involved in setting up MSCIÆs Southeast Asia team. He moved on to New York to lead research efforts in US and Latin American equities. His role in Hong Kong was to run MSCIÆs business development among state investment agencies. He has also run money as a senior portfolio manager at the former Citigroup Asset Management (since sold to Legg Mason).
While he will continue to service core relationships in Europe and Asia Pacific, Ho will also expand Sail AdvisorÆs presence in the United States and Middle East.
He says Asian investors are catching up with their European counterparts by expanding their portfolios to include alternative assets. Newcomers to alternative investments can benefit from funds of funds for their diversification, track record and research capability, as well as access to closed investment strategies, he argues.
Ho expects the recent blowups among hedge funds in the United States and Europe, hurt by subprime exposures or liquidity problems, makes funds of funds more attractive. Funds of funds in turn are more keen on hedge funds with established strategies and clear structures.
ôInnovation will continue. But the key here is to keep the product simple,ö Ho says. ôA complicated structure is going to be more difficult to explain, and risks attached to these products will be a lot higher.ö
A major source of potential business in Asia is sovereign wealth funds, for which returns are more important than, say, for central banks. Pension funds are also under pressure to address issues of under-funding and will need to diversify more into alternative asset classes, Ho says.
With $2.3 billion under management, Sail Advisors is one of AsiaÆs longest standing and largest managers of funds of funds. Ho says his team will continue to expand by hiring more specialized individuals who understand investment processes and institutional investorsÆ mindsets, and are able to provide sensible solutions.
Brunei Investment Agency names head of real estate; Former Temasek CEO Ho Ching joins EQT Future's mission board; APG managing director for global real assets relocates to Hong Kong; Manulife Hong Kong appoints chief financial officer and chief product officer; Wayne Swan commences as Cbus chair; AXA IM appoints head of client group alts Asia; and more.
Census experts say China's population will start to decline at least five years earlier than expected - investors are being warned to keep a weather eye on inflation and structural shifts.
Family offices in Hong Kong want to do more impact investing, but the paucity of ESG talent and the lack of uniform reporting standards are real issues for them.
An impending series of interest rate increases and the deterioration in relations between Russia and the West over Ukraine have worried investors in recent weeks, hence the volatility in US equities in particular.