Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
The pair will work together to develop a special range of Tower-branded multi-manager products, with Tower assigned to manage the partnership and Russell given overall responsibility for investorsÆ funds.
CEO of Tower Investment, Graham Evans, says Russell was picked from a string of candidates because of its strong local focus in Australia.
Meanwhile, Alan Schoenheimer, managing director for Russell in Australasia, says: ôMulti-manager investing is a complex process that combines global manager research, the careful selection and blending of managers, asset allocation, performance monitoring and efficient implementation of a portfolio,ö says
ôMore recently, changes within the structure of capital markets have made it necessary to gain exposure to non-traditional asset classes such as hedge funds and global listed property, and to access the expertise of boutique managers with innovative approaches to sourcing alpha within a disciplined risk management framework. This is RussellÆs core focus.ö
Omicron may have put the bite into the property sector, but commercial property in Asia Pacific is defying the odds in a challenging sector, says a CBRE report.
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Risks including property downturn and ongoing pandemic make for difficult investment decisions.