STORIES YOU MAY HAVE MISSED THIS WEEK
People moves
Dimensional Fund Advisors has appointed Joel Kim as CEO of the firm’s Asia (ex-Japan) business, effective August. Steve Clark, president at Dimensional International, has been overseeing the firm’s Asia business. Kim will be the CEO and a director at Dimensional Fund Advisors, the firm’s Singapore subsidiary, and a director of Dimensional Hong Kong. Kim joined Dimensional in 2016 in Singapore as a senior portfolio manager. Most recently, he was the firm’s head of fixed income, based in London. Before Dimensional, he was head of Asia-Pacific fixed income at Blackrock in Singapore…
DBS in Hong Kong has appointed Lo Wing Yiu as head of bancassurance. He replaced Terry Li, who spent the past four years growing DBS’ insurance business in Hong Kong. Before DBS, Lo was AIA Group’s head of digital. He was previously head of bancassurance at Standard Chartered Bank. He also held senior management roles at HSBC Insurance and Axa Hong Kong…
Funds
Janus Henderson Investors has transitioned the Janus Henderson Horizon Asia-Pacific Property Equities Fund from a capital appreciation strategy to an income-focused strategy with potential for capital growth. The change comes as a result of conversations both internally and with clients. “Income has been in short supply for some time now and we think its role in a balanced investment portfolio cannot be overstated, particularly when confronted with an increasingly uncertain world,” Tim Gibson, co-head of global property equities and portfolio manager, said in a statement…
Robo-advisory firm Kristal AI has added new ETFs on its platform, which include the VanEck Vectors Video Gaming and Esports ETF Espo, the Vanguard International High Dividend Yield ETF and the First Trust Cloud Computing ETF. It has also added an India-focused mutual fund on its platform, which is managed by Mumbai-based Marcellus Investment Managers…
Hedge funds globally gained an average of 2.07% in June, although year-to-date average industry returns are still in the red at -3.37%, according to data from Evestment. Among primary strategies, event-driven – activist funds were strong during the second quarter, with an average performance of 22.58%. Meanwhile, in terms of country exposure, India- and China-focused hedge funds had the strongest performance during the quarter…
