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
It operates a three-way multistrategy product, comprising of Asian macro, equity long/short and equity derivatives. The allocation between strategies will reflect the CIO's current opinion on market conditions. As a way to enhance alpha, Temujin is confident that it can get access to IPOs and PIPEs as a result of the foundersÆ networks in China via the state-owned enterprise reform programme there.
The fund aims for an annual return of 15-20%, with a Sharpe Ratio of 1.25 and target volatility of 10-15%. The management fee is 2% and the performance fee is 20% with a high-water mark. Redemption is available on 90 days notice.
The firm was founded by CIO Thomas Hoo, who used to run proprietary trading groups within Deutsche Bank. Raymond Li is handling Greater China relationships, and the third founder Rick Hao is tackling Greater China investor relations. Heading risk management and operations is Kenneth Dooley who was formerly a partner at Shengruihe, a China-based investment and risk management consultancy.
The service providers are Citi and Barclays Capital as prime brokers, Simmons and Simmons and Maples and Calder as lawyers and Citi as fund administrators.
Temujin is of course the birth name of the great Mongol conqueror Genghis Khan. Due to his potency and virility, it is a genealogical assumption that 8% of Asian men (and logically, 8% of Asian women as well) alive today possess traces of Genghis KhanÆs DNA.
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.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.