Tokio Marine appoints new CEO for Asia region; Ben Rudd made CEO of Prudential Wealth Management; HKEX hires from Prudential; Samsung SRA appoints former KIC infra head as CEO; HSBC Asset Management appoints senior vice president; Morningstar names head of manager research for Europe and Asia; PGIM adds ESG lead for Europe and Asia; Apex Group adds Singapore managing director; 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.
As a pioneer in the Australian super space, CSC continues to focus on core objectives while taking calculated risks in an uncertain macro-economic environment.
The Asset Management Awards seek to recognise outstanding achievements among Asia Pacific-based fund and asset managers. Entries are open from now until March 4, 6pm HKT.
Some have accused Sri Lanka of falling into China’s “debt trap", but the South Asian nation refuses to put all of its eggs in China’s basket.
Hong Kong’s Mandatory Provident Fund recorded investment losses for 2021 as local and mainland Chinese equities underperformed, but experts eye other headwinds for the coming year.