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
Iveagh will be responsible for building and managing an investment management team and developing the process for the selection of new managers, with a focus on seeding Asian and emerging markets managers.
Iveagh will also become a cornerstone investor in Triple A PartnersÆ new seeding fund which will close its initial capital raising with around $150 million of assets in end-December, which is expected to seed up to eight new managers. A secondary closing of a similar amount is expected to be held in the second half of 2008. Iveagh has managed a global seeding platform, Arundel Emerging Managers, since 2004
The financial terms of the partnership were not disclosed.
With around $800 million under management, Iveagh has the Guinness family as a major shareholder and principal client. It provides investment management and advisory services to a select group of individuals, families and institutional investors. It is an independent company that is owned by its partners and strategic clients and is authorised and regulated by the UK Financial Services Authority. It covers all types of strategies,
from traditional equity funds to highly specialised hedge and private equity funds.
Triple A Partners is a joint venture among its management team Hans Tiedemann, Paul Smith, Roger Pyrke and investment group CLSA, with offices in Hong Kong, Los Angeles and London. It owns, distributes and seeks new investment management businesses in Asian and emerging markets.
Tiedemann, who is chairman of Triple A Partners, notes that Iveagh will bring into the partnership its marketing and investment strengths.
Iveagh CEO Paul Ross, for his part, notes that Triple A Partners will boost the partnershipÆs efforts to access and invest in new seeding opportunities in Asia.
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The recent focus on greenwashing has put bond issues under greater scrutiny. However, some market participants believe this risks paralysis by analysis.
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.