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Bryan Goh Benedicte Gravrand, Opalesque Geneva: Delegates at the recent Opalesque Singapore Roundtable discussed hedge fund strategies and opportunities, and what investors are looking for.
Investment overlaps
When Bryan Goh, CIO of Bordier & Cie, a private bank in Singapore, and his team visited a number of Asia-based hedge funds this year to do their due diligence and their initial coverage, they found a "substantial overlap" between the hedge funds’ strategies and their own.
Now Bordier tends to allocate more to event-driven credit strategies, activists, arbitrage, and generally away from equity strategies, he told the other Roundtable delegates.
"A challenge that we see in Asia for hedge fund equity strategies is that stock borrow is becoming less liquid and less available," he continued. "It's likely to be a temporary phenomenon but it will impact returns in the short term. We are investing directly in the markets and therefore have our ear to the ground and can pick up such dynamics. Also, to differentiate ourselves, we are also investing in asset backed securities, in leveraged loans, and we structure certain investments ourselves that have a slightly different duration in credit than available in benchmark ETFs or mutual funds."
Roshan Padamadan, founder and fund manager of the Luminance Global Fund, which invests i...................... To view our full article Click here
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