MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
Lebourdais will shift to Sydney to work for Perennial. He will be responsible for research for the firmÆs Japanese Equities Trust which has delivered a net annual return of 5.3% over the past five years compared to 2.2% per annum growth recorded by the MSCI Japan Accumulation Index.
The Japanese Equities Trust is one of six funds run by Perennial which it calls boutiques. ôWe are keenly pursuing our business objective of developing all of our global boutiques,ö says Anthony Patterson, the firmÆs managing director. Perennial has total assets under management of A$20 billion ($15 billion).
Lebourdais has 14 years of industry experience and has previously worked for Lazard, BT Alex Brown and ABN AMRO.
His new job with Perennial starts on November 1.
Investors still favour private equity assets for their higher growth, better governance structures, and diversification potential.
The recent focus on greenwashing has put bond issues under greater scrutiny. However, some market participants believe this risks paralysis by analysis.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.