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.