Mon, Nov 20, 2017
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
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. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W