There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
Johannessen has lived in Hong Kong since 1996 and spent the past seven years running searches in the Asian hedge-fund and private-equity industries. He co-founded the Hong Kong boutique Brasch Partners and, according to the company website, also was partner at AuxoGlobal, a search firm specialising in the venture-capital industry. Prior to helping found Brasch, he ran corporate finance and private equity at Henderson Baillieu as well as served as recruiting partner at Techpacific Capital, a VC firm. He got his start in Asia as a currency trader and is proficient in Mandarin and Japanese.
He now reports to Brian Korb, partner in New York, who says the new position will allow the firm to enhance its services to clients that are increasingly focusing on Asia. He says Glocap can now access candidates with Asia investment capabilities for global hedge funds, funds of hedge funds, private-equity firms, distressed investors and real estate investors.
There is also a supply of professionals now in the United States of Asian origin or with previous Asia experience that are looking to return to the region, says Johannessen, who will initially be based in New York but will split his time in Hong Kong.
Glocap has offices in London as well as other cities in the US.
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.
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.