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.
OriaÆs CEO, Jennifer Carver, says, ôWe have three Oria products, namely the Oria Commodity Fund, the Oria Asia Fund and the Oria Plus Fund; and we also manage four structured notes for Deutsche Bank. We currently have $50 million under management. We will be concentrating on raising assets for our existing funds and 3AÆs existing funds before we launch anything new. All staff are staying around in their usual capacities and we have no plans to hire anyone else at this point.ö
The Oria Asia and Oria Plus vehicles are multi-strategy funds of hedge funds with Asian and global coverage respectively. In the first 11 months of 2006 the Asian fund was up 7.3% and the global fund rose 9.7%.
The Oria Commodity fund had a bonanza in that period, rising 37%. That fund was only formally established in mid 2006, so those return statistics incorporate those of its predecessor fund, a $320 million Master Fund that had been in place since 2004.
The acquirer, SYZ & Co is based in Geneva and focuses on asset management, specializing in private banking and investment funds in addition to its alternatives activities.
The acquisition marks a happy ending for Oria, which was the untainted business spun out of Charles Schmitt & Associates, whose principal, Charles Schmitt, was arrested and jailed for embezzling client funds in 2004, thanks to his honest colleaguesÆ whistle-blowing.
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.
The “lower for longer” monetary policy and stimulus packages, coupled with the rolling out of vaccine programmes favorably support real estate investing in the region, with offices and data centres presenting forward-looking opportunities.
As US fixed income default rates rose and yields fell during the pandemic, are Asian bonds, which have had more stable yields through 2020, looking more attractive?
Insto roundup: Norway's Oil Fund praises China governance efforts; NPS commits $100m to taxi-hailing app
Norway's Oil Fund welcome Chinese proposals improving transparency and shareholder protection; HK's MPF assets surge 35% year on year; Korea's NPS commits $100m to TPG consortium to invest in taxi-hailing app; Poba commits W270bn to European property; Malaysia's EPF sees investment income rise 59% year-on-year in first quarter, and more.