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 Hong Kong-based fund started in 2004 with $6 million in assets under management and its meteoric rise over two years took it to over $800 million.
It is understood that its partners, ex-Lehman employees Huy Hoang, Charle Peza and Nami Hamada, will split following a debate about the future direction of the fund. It is understood that they all plan to stay in the asset management sector via new incarnations, and clarification on the details of those new vehicles is expected shortly.
Efforts to contact the principals by press time via phone and email were unsuccessful.
The event-driven fund specialised in mergers and acquisitions and restructurings in Hong Kong, Korea, Singapore, Taiwan and Japan, focusing on large-cap transactions in bigger markets.
The managers racked up a 25% annualised return and, remarkably for an event-driven fund, the standard deviation of 7.8% for the HDH Special Situations Fund was even more stable than many long/short funds.
HDH won awards for AsianInvestorÆs æBest Hedge Fund Launch' in 2004 and æBest Asia-Pacific Hedge FundÆ in 2005.
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.
The asset allocation matrix is becoming more complex as investors look for new sources of returns beyond traditional asset types. How can investors measure and maximise returns in compounded portfolios?
When it comes to family offices, the generations don't always see eye to eye. For the younger generation, ESG concerns and tech plays are beginning to predominate.
Kwap property arm appoints CEO; VFMC names new CEO as Lisa Gray retires; MSIG Singapore promotes Mack Eng as CEO; Monroe Capital opens first Asia office in Seoul, hires head from Aberdeen; Vanguard Australia appoints new MD to relocate from US; HSBC AM expands EM debt team; Vantage FX hires from CGS-CIMB in Singapore; and more.