Columbia Threadneedle Investments said it has partnered with DBS Bank to distribute its technology long-short strategy to high net worth investors in Asia.
The strategy is led by Paul Wick and aims to identify both the winners and losers in the technology industry.
“We are pleased to provide our clients access to a strategy which seeks to not only participate in the technology market’s upside, but also looks to reduce downside risk through a technology long-short offering,” said Hou Wey Fook, chief investment officer at DBS Bank.
“The sea change driven by the formidable development in artificial intelligence for electronics, automotive, automation, energy transition, cloud and data analytics will further augment the long-term outlook of technology.”
“In addition, against an uncertain global outlook, investors should not overlook the diversification benefits that could be added to one’s portfolio with long-short/hedge fund strategies.”
“We continue to see strong demand, across both private banks and family office clients, for our Seligman technology long-short strategy,” said Jon Allen, head of Asia Pacific at Columbia Threadneedle Investments.
“With the positive backdrop for technology equities and the volatility we are seeing in the sector, I believe that this is an optimum time to bring this differentiated offering, led by Paul Wick, to more clients.”
“We are delighted to partner with DBS Bank in offering this strategy to their clients, providing access to the growing technology sector.”
