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
The portfolios include six theme funds which focus and leverage on strong and long-term socio-economic drivers, such as climate change, evolving demographics and global threats.
Pictet Funds has 12 offices worldwide and distributes its funds to clients in around 20 countries, ranging from Chile, Japan and Scandinavia through to the Middle East. It has about $62 billion in assets under management.
In Asia, Pictet Funds has offices in Singapore and Tokyo. The company declined to elaborate on its planned expansion in Hong Kong, pending an official announcement next week.
Pictet Asset Management, the institutional investment management arm of the Pictet Group, entered the Asia ex-Japan market in 2006. Amy Cho, previously head of North Asia business development at First State Investments in Hong Kong, was appointed Asia ex-Japan head of Pictet Funds and remains in her regional role. Prior to that, Pictet Asset Management had already established a presence in Japan, where it is now among the largest foreign players in the retail market.
Investors are increasingly turning to private companies and private debt in their hunt for ESG alpha, but the age-old problem of transparency and due diligence remains
Already on the rise pre-Covid, investments into data centre assets in Asia have accelerated in the past year, fuelled by interest from investors across the spectrum.
Actively managed funds were also not found to have better odds of higher returns than more passive funds.
Investors still favour private equity assets for their higher growth, better governance structures, and diversification potential.