Capturing Yield in Asian Bonds
Radio Feature 54: Steven Howell in conversation with Sona Blessing
Tuesday, August 21, 2012
Steven Howell joins me today to discuss the opportunity set and capturing yield in Asian bonds. He founded and launched HCAP Asset Management in November 2008.
He has worked in financial markets for over 25 years and is a noted specialist in the field of high yield funds, fixed interest funds and hedge funds. His previous roles include amongst others: Co-founder of Basis Capital - responsible for leading the Asian business, primarily focusing on managing its Asian High Yield Fund, Sydney; Director and Head of Asia Pacific Capital Markets Trading for American Express Bank in Singapore, Director of Regional Fixed Income and Arbitrage for Cargill Financial Products, Singapore; Director and Head of Derivatives Trading at County NatWest Capital Markets in Sydney.
Download this feature as MP3 (14.45 MB)
Listen to the complete feature
Capturing Yield in Asian Bonds
Or listen to selected sub-features
Given the sizable investment inflows into corporate and high yield bonds and the fact that bond prices have rallied - can you still identify opportunities within the Asian bond universe?
How large is the Asian bond market (liquid high yield bonds)?
Why invest in Asian debt as opposed to other asset classes?
Does Asian high yield debt offer real and relative value over other bond markets?
Where is the value in investing in Asian debt? Government bonds, investment grade debt or high yield?
Wouldn’t you say valuations, duration risk and defaults are an issue?
Can you put a number to what you mean by "lower durations"?
How liquid are these Asian high yield bonds?
Could you name some specific markets and countries within Asia that look interesting in the context of investing in their bonds?
Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney [more]
AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth.
The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite [more]
Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to
investor appetite, to the way you can market the fund, and to how much
time you can spend to raise assets, said Antoine Rolland, the CEO of
incubator and seeding firm Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters [more]
Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group [more]
Hedge funds expect Netflix earnings to catapult forward
From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend Hedge fund manager Winton Capital making headway with long-only strategy [more]
From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag copernicus health care james alpha Alternative investments, hedge funds, Energy trading, commodities, emerging managers, private banking, oil, natural gas, global macro, CTA, middle east, africa, SWF, India, volatility trading glenview