Speaking at FundForum Asia yesterday, Hong Kong Housing Society’s head of treasury revealed the organisation’s plan to dial back its long-standing active strategy.
Treasurers at both firms voice their firm belief in active management but acknowledge the cost benefits of ETFs and the impact they could yet have on active managers.
The organisation's head of treasury singles out hedge funds as an asset class gaining favour with investors and also offers some insight on how the HKHS selects external managers.
The fund is joining the list of Asian asset owners looking to reduce their reliance on the Barclays Global Aggregate index. AsianInvestor spoke to HKHS's head of treasury.
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BlackRock appoints first China private credit head; Nikko AM names head of consultant relations; Standard Chartered's global private banking head leaves in restructuring; Pictet WM hires fund specialist from UBS; RBC WM appoints new head of investments for Asia and international; Indosuez hires new COO; Natixis names three Taiwan executives; and more.
The insurer made the appointment after the previous incumbent went on sabbatical, said a spokeswoman. It is now seeking a new head of investment strategy.
HSBC Global AM loses Apac head of consultant relations; Freeman Tsang resurfaces at Pictet AM; Ogier starts ESG practice in HK; Odey raids Newton to set up EM equity team; JLL names head of China capital markets; Equities First appoints heads of South Korea and Thailand.
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