Tue, Oct 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Asia Pacific Intelligence

Ex-sovereign wealth manager offers conservative fixed income hedge fund with Asian twist

Monday, October 08, 2012

Guan Ong, Principal of Singapore based Blue Rice Investment Management can bear witness to the challenges of being a relatively new and emerging manager of an Asian hedge fund. He founded BRIM in December 2009. It is a long/short fixed income fund, with $60m under management, investing in Asian bonds, denominated in dollars, a liquid market that has some $300bn in assets.

As Ong explained in his Opalesque TV interview in June, he has been in investment for many years, starting with the Prudential, working in Korea, Singapore and Hong Kong and then establishing and building the Korean sovereign wealth fund, the Korea Investment Corp, in 2006. As the first chief investment officer, Ong started from scratch with a mandate to build the sovereign wealth fund which launched with $20bn under management and now has $50bn. "We started from a risk based perspective using passive fixed income" he explains in an interview with Asia Pacific Intelligence. "We then added more active risk and built in equity, then hedge funds."

As a fixed income fund, it has return targets of high single digit returns. The portfolio is biased towards long bonds at the moment with shorts acting as insurance. "We are concerned about corporate profits - where is global growth coming from?" Ong says. "There is such a flow of liquidity that keeps pushing prices higher."

Ong believes that his fund will best suit a conservative investor who wants to go for a lower risk, lower volatility investment.

 
This article was published in Opalesque's Asia Pacific Intelligence our monthly research update on alternative investments in the Asia-Pacific region.
Asia Pacific Intelligence
Asia Pacific Intelligence
Asia Pacific Intelligence

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  2. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  3. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  4. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  5. Sparx optimistic about outlook for Japan[more]

    Benedicte Gravrand, Opalesque Geneva: According to SPARX, there are causes to be optimistic about the outlook for the Japanese market and the country's economy in general. Sparx Asset Management is a Tokyo-based asset manager, part of