As ESG is becoming the new pillar of asset allocation, major institutional investors in the region share insights on how to incorporate ESG in investments in a webinar organised by Natixis Investment Managers in partnership with AsianInvestor.
Park Chun-Hyeon, president and CEO of Samsung Securities, confirmed the existence of the desk but would not comment further.
Park was named CEO in June after serving as CFO at Samsung Life Insurance, and is expected to play a central role coordinating business activities among the groupÆs financial-services units once a new capital-markets law comes into force in February 2009.
The precise assignment for the Singapore desk has not been detailed, and may still be a work in progress internally. It could seed single managers, build its funds of funds, or establish its own strategies in hedge funds and unlisted opportunities. It is also likely to play a role in Samsung SecuritiesÆ new interest in prop trading and principal investments overseas.
These activities are being prepared in expectation of the implementation of the Capital Markets Consolidation Act in February 2009. This law is meant to dramatically overhaul securities regulation, so that financial service companies can create universal banks regulated by activity, rather than by license, under a unified agency. The Act is meant to recreate an environment similar to the principles-based regime in the United Kingdom or Australia, as well as to foster ænational championsÆ in financial services.
This will allow Samsung Securities to expand its ability to manage collective investment schemes as well as to run its own money.
Questions remain regarding overlap with Samsung Investments, which has its own ambitions in providing alternative investment products to third-party investors, or its relationship with the $104 billion Samsung Life or the smaller Samsung Fire & Marine insurers; Samsung Life is an active investor in many alternative strategies.
The September edition of AsianInvestor magazine features an in-depth look at Korean asset managersÆ regional ambitions.
July’s most read: GIC to hire five associates; Omers to invest C$12bn more into Asia; Aussie super funds seeking co-investments
Hirings at GIC and Schroders, Omer's plan to add up to C$12 billion ($9.5 billion) in Asia by 2025, and Singapore's AUM rise to $3.5 trillion made our top stories for July.
This month, AsianInvestor is running a series of stories on the decisions driving the choices of institutional investors as 10-year US treasuries drop further below zero.
Inflation fears spooked investors earlier this year and continue to weigh on their minds as resurgent economic activity pushes up prices, yet evidence suggests the inflation pick-up is transitory.
The results posted by the Bureau of Labor Funds (BLF) in Taiwan fell short of the benchmark index, and one analyst urges more to be done particularly after last year’s scandal.