Tue, Dec 1, 2015
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. David Einhorn's hedge fund plunged 5.2% in November, set for 2015 loss[more]

    From Bloomberg.com: David Einhorn’s main hedge fund at Greenlight Capital fell 5.2 percent in November and is poised for only its second losing year in almost two decades. The losses bring the fund’s yearly drop to almost 21 percent, according to an e-mail sent to clients that was obtained by Bloomb

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From PIonline.com: Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Commodities - Stung by oil, distressed-debt traders see worst losses since '08[more]

    From Bloomberg.com: It’s mid-November, but for investors who trade in the debt of distressed companies, the year’s already done -- and they lost. Hedge funds that specialize in the debt are grappling with their worst declines in seven years. Funds managed by Knighthead Capital Management, Candlewood

  4. Regulatory - Major changes in partnership audit procedures contained in 2015 Budget Act[more]

    Contained in the Bipartisan Budget Act of 2015, signed by President Obama on November 2, is a rather complex provision that materially changes how partnerships are audited. Generally effective for tax years beginning after December 31, 2017, the so-called “TEFRA” and “Electing Large Partnership” rul

  5. Following review Yuan included in reserve currency basket[more]

    Bailey McCann, Opalesque New York: The International Monetary Fund has confirmed the inclusion of the Chinese Yuan in the reserve currency basket. This means that loans will be available in Yuan alongside other major currencies including the US Dollar and the Euro. The basket of reserve curr