Funds Selection Nexus Hong Kong 2024

Date:
10 September 2024
Time:
08:30 – 13:15, followed by a networking luncheon
Venue:
Island Shangri-La Hong Kong, Pacific Place, Supreme Court Road

Overview

Asian Private Banker’s 2024 Funds Selection Nexus (FSN) is set to be the biggest in its 10 year history. Across both the Hong Kong and Singapore editions, the most powerful fund selector leaders and their teams, in charge of over $1.5trn of assets, will be in attendance to examine and discuss the ever changing demands of the Asian client, what’s on their wish lists for the coming year, and how best to navigate volatile market conditions. Product manufacturers will join the discussion to present their latest strategies and engage in in-depth analysis of what products should be in clients’ crosshairs for the coming year.

FSN is the industry’s longest-running dedicated event for the fund selector community – we look forward to you being a part of the discussions in September.

Agenda

08:30 – 09:10 Registration and coffee
09:10 – 09:15 Welcome remarks
09:15 – 09:55 Crafting resilience – Fortifying durable portfolios in an unpredictable environment

  • What strategic changes are being implemented in overall portfolio allocation and construction given decreased expectations for long-term returns amidst possible global recessions and unpredictable interest rate shifts?
  • As preferences shift towards large-cap stocks, active investment approaches and a growing interest in structured products, is this indicative of a more permanent change in investment strategies?
  • What are the key drivers behind expanding investment interest in growth sectors like technology and healthcare, and which other thematic areas are set to yield positive returns?
  • How are specialised model portfolios and open architecture platforms enhancing due diligence, risk management and overall investment opportunities for U/HNW clients?

Speakers:

Christina Au-Yeung
Head of Investment Management Services, Morgan Stanley Private Wealth Management Asia
Gabriel Chan
Head of Investment Services, Hong Kong, BNP Paribas Wealth Management
Yvonne Leung
Managing Director & Head of Managed Solutions, Asia, J.P. Morgan Private Bank
Jeffrey Tam
Head of Fund Specialists, Hong Kong, Bank Julius Baer
09:55 – 10:15 Networking and transition to breakout rooms
10:15 – 12:30 Breakout sessions

Workshop 1: Why Japan core value investing?

The outlook for the Japanese stock market remains optimistic in the mid- to long-term, driven by a shift to an inflationary economy, corporate governance improvements, and a growing interest in equity culture, supporting high-value stocks. As the investment arm of Mizuho Financial Group, Asset Management One will provide insights into investment opportunities in Japan, particularly in core value investing. Kazuhiko Hosaka, a senior product specialist, will discuss the benefits of Japan equity from several perspectives: the inflationary economy supporting BOJ policy normalisation, corporate reforms, the impact of New NISA, and the trend towards large-cap value investing. He will also explain how a Japanese fund manager uses a bottom-up stock selection approach to aim for market outperformance, specifically targeting the TOPIX Index.

Speaker:

Kazuhiko Hosaka
Senior Product Specialist, Asset Management One

Workshop 2: Private credit – A global evergreen strategy in direct lending and asset-backed finance

Private credit presents a compelling alternative to traditional financial instruments, particularly in direct lending and asset-backed finance. In today’s volatile market, private credit offers attractive risk-adjusted returns due to its flexibility and lower correlation with traditional asset classes. Jason Phillips from KKR’s Asia Credit team will delve into how private credit can function as a strategic asset class. He will explore the growth in direct lending, address the potential benefits of asset-backed finance as a safeguard against market volatility, and discuss strategies for mitigating risks while pursuing attractive returns. This session will provide a comprehensive overview of private credit, with a special focus on why a global evergreen strategy would be an ideal option for private wealth investors to consider. Discover how these insights can enhance your investment strategy and navigate the complexities of the current financial landscape.

Speaker:

Jason Phillips
Director of Asia Credit Team, KKR

Workshop 3: Navigating economic shifts – The long-term value of flexibility in equity investing

Over the past decades, the global economy has faced profound changes and uncertainty due to shifting economic conditions, geopolitical volatility, disruptions like the pandemic, and innovations such as generative AI. Amidst this turbulence where growth and value are difficult to call, maintaining a flexible approach will enable investors to adapt quickly to changing conditions. Maneesh Bajaj, CFA and portfolio manager, will explore how a long-term orientation and business owner’s mindset can help investors navigate market fluctuations and benefit from compounding returns. Rejecting the simplistic “growth vs. value” classification, he will emphasise maintaining an open mind toward all investment opportunities. Using top-performing firms as examples, Maneesh will argue that investors can consistently navigate market complexities and deliver strong performance over time by focusing on good businesses at ‘bargain’ prices.

Speaker:

Maneesh Bajaj
Portfolio Manager, Brown Advisory

Workshop 4: Stay the course in Asia’s evolving landscape with lower beta and abundant alpha

The Asia ex-Japan equity market is considered to be the fastest-growing in the world, presenting an attractive entry point for investors from its low valuations coupled with the recent shake-up. Though Asian equities face a substantially lower concentration conundrum in comparison to US markets, the performance trajectory often reveals a challenging path. Market turbulence, including concerns of the risks of a potential US recession, alongside other heightened geopolitical tensions, has increased uncertainty and fluctuation. Eastspring Investments’ award-winning low volatility strategy aims to mitigate the impact of such an environment, offering a smoother ride for investors. Dr. Michael Sun, client portfolio manager and director of quant capability, will describe the power of a lower beta and abundant alpha, allowing one to capture upside while being more resilient to downside volatility, capitalising on a combination of factors to gain sustainable growth.

Speaker:

Michael Sun
Client Portfolio Manager, Eastspring Investments
12:30 – 12:45 Networking break and transition
12:45 – 13:15 Venturing beyond the conventional – Tapping specialist insights for hidden private market gems

  • What is the optimal approach to investing in private markets for U/HNW clientele, and what qualitative criteria should be considered when evaluating fund managers in this area?
  • How can private banks leverage specialised asset managers – particularly those who focus on the middle-market space – to uncover hidden investment opportunities and enhance value creation in the alternatives markets?
  • What are the key attributes of an effectively managed semi-liquid fund, and in what ways does it vary from traditional asset allocation between liquid and illiquid assets?
  • What methods can advisors use to manage client expectations regarding illiquid long-term funds, while emphasising their vital role in preserving generational wealth?

Speakers:

Sabina Chiang
Head, Managed Investments, Wealth Management, Hong Kong, Standard Chartered Bank
Michelle Shi
Head of CIO Global Investment Management Alternative Solutions APAC, UBS Global Wealth Management
Connie Sin
Head of Funds & Alternatives International Wealth Management, Nomura International (Hong Kong)
13:15 Networking lunch

Conversation Partners

Networking Partner

Contact Us

Speaking Opportunities
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Registration & Sponsorship Enquiries
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View the Singapore edition

Will you be traveling on business or do you have colleagues at your Singapore desk that might be interested?

➤ View the Singapore agenda and register online

Belle Liang
Chief Investment Officer, Investment and Wealth Solutions, Hang Seng Bank

Belle joined Hang Seng Bank in 2011 as head of investment advisory. She took on her current role as chief investment officer of the wealth management business at Hang Seng in 2023. She is currently in charge of asset allocation strategy and investment product advisory and solutions for the bank’s high net worth clients as well as corporate clients. Prior to joining Hang Seng, she had accumulated years of experience in global markets and Hong Kong equities as a research analyst and equity strategist for various financial institutions.

Eva Lee
Managing Director, Head Greater China Equities, UBS Global Wealth Management Chief Investment Office

Eva Lee is the head of Greater China equities at UBS Global Wealth Management Chief Investment Office in Hong Kong. She joined UBS in Sept 2011 and led a team covering the Hong Kong/China property research sector.

Eva built up and held up the top three positions in Asia real estate research in the Institutional Investors poll of 2016/17/18.

Eva has covered the HK/China property sector for the last 21 years at UBS, before that, at Macquarie, ING, Credit Suisse and HSBC. Eva is a member of Chartered Financial Analysts, American Institute of Certified Public Accountants and Hong Kong Certified Public Accountants.

Grace Tam
Chief Investment Advisor, Hong Kong, BNP Paribas Wealth Management

Grace Tam is the chief investment advisor and managing director with the Chief Investment Office (CIO) Asia at BNP Paribas Wealth Management. She is a member of BNP Paribas Wealth Management’s global investment strategy committee and is responsible for formulating, formalising and communicating global asset allocation and investment strategies for Wealth Management in Asia.

Grace joined BNP Paribas Wealth Management from HSBC Global Asset Management where she was a senior market specialist. Before that, she was a director, portfolio solutions specialist with Credit Suisse Private Banking and spent over 10 years with J.P. Morgan Asset Management with her last position as executive director, global market strategist.

Grace holds both a bachelor’s and master’s degrees in economics and is a chartered financial analyst.

Jacky Tang
Head of Portfolio Management Group Asia, Head of Portfolio Advisory Group Asia, Head of Investment Strategy Group Asia, Goldman Sachs Private Wealth Management

Jacky is head of the portfolio management group, head of the portfolio advisory group, and head of the investment strategy group for Goldman Sachs Private Wealth Management in Asia Pacific. He is responsible for centralised discretionary portfolio management for ultra high net worth and institutional clients across Asia Pacific. Jacky is also responsible for advising clients on strategic asset allocation and tactical investment strategies. He joined Goldman Sachs as an executive director in 2012 and was named managing director in 2019.

Jacky has served as an adjunct professor for the University of Hong Kong Faculty of Business and Economics and has led a number of workshops in behavioural finance, sustainable finance, financial markets, asset allocation and portfolio management.

Jacky earned a PhD in economics from the Shanghai University of Finance and Economics and a master’s degree from the University of Cambridge.

Jeffrey Tam
Head of Investment Fund Specialists, Hong Kong, Bank Julius Baer

Jeffrey Tam is head investment fund specialists, Hong Kong at Bank Julius Baer. Based in Hong Kong, he is responsible for funds advisory for the clients in Asia, covering both traditional and alternative investments.

Prior to joining Bank Julius Baer in 2018, Jeffrey was a funds specialist at Deutsche Bank Wealth Management for three years. He was responsible for the bank’s traditional and alternative fund offerings with specialisation in hedge funds. He started his career in finance at Citi Private Bank, where he was a portfolio advisor, managing clients’ investment portfolios.

Jeffrey holds a Bachelor of Science degree in actuarial science from the London School of Economics.

Sabina Chiang
Head, Managed Investments, Wealth Management, Hong Kong, Standard Chartered Bank

Sabina Chiang is the head of managed investments, wealth management, Hong Kong at Standard Chartered Bank. She oversees the managed investments business across the bank’s consumer, private and business banking segments.

Sabina’s wealth of experience in the financial industry spans across wealth management, private banking as well as corporate and investment banking. With over 15 years of experience in private banking and managed investments, she has held various positions in banks including Bank Julius Baer, BNP Paribas and Lombard Odier.

Sabina holds a Bachelor of Commerce in finance from the Haskayne School of Business, University of Calgary in Canada.

Zandrew Liu
Head of Offering Management, North Asia, Deutsche Bank Wealth Management

Zandrew Liu is the head of North Asia, offering management team. In his role, he identifies solutions which best express Deutsche Bank Wealth Management’s CIO views, implemented through managed solutions such as funds, ETFs, and mandates as well as structured solutions.

Before joining Deutsche Bank in 2019, he was with Investec Asset Management, currently Ninety One, in their private bank distribution team and APAC product development with HSBC Asset Management prior to that.

Zandrew has been in the wealth and asset management industry for nearly 20 years, spanning from Montreal to Hong Kong.

Germaine Share
Director of Manager Research, Asia, Morningstar

Germaine Share is a director for Morningstar Asia Limited, a wholly owned subsidiary of Morningstar, Inc. Share oversees the active manager research efforts and represents the manager research capabilities in Hong Kong, Singapore, China, Korea and Thailand. She is also an integral part in leading the manager research service efforts in the region.

Before joining Morningstar in 2012, Share was a project officer for Hong Kong venture capital firm Chinarise Capital, where she was responsible for the business development of key client accounts and independent evaluation of client proposals.

Share holds a bachelor’s degree in economics from University College London.

Keye S.K. Chow
Senior Vice President, Director of Research & Senior Analyst, Alger

Keye Chow is a senior vice president, director of research and senior analyst covering the healthcare sector. He joined Alger in 2021 and has 19 years of investment experience.

Before joining Alger, he was a senior equity analyst and sector portfolio manager at Invesco, where he led fundamental research and stock selection across health care services, medical technology and biopharmaceutical companies. Prior to that, Keye was an equity analyst covering health care and technology at several investment managers, including Millennium, Credit Suisse, Ivory Capital Management and Palmyra Capital Advisors. He also gained experience in the technology industry during his time in business development and corporate development roles for Documentum and RSA Security, respectively.

Keye earned a B.A. in English and an M.S. in industrial engineering at Stanford University. He also earned an M.B.A. from Harvard Business School.

Stephen King
Senior Vice President & Head of APAC Business Development, Alger

Stephen King is a senior vice president and head of APAC business development. He joined Alger in 2023 and has 23 years of financial services experience. Stephen is based in Singapore and is responsible for the business development and distribution efforts of Alger’s products within the Asia-Pacific region.

Prior to joining Alger, Stephen served as the head of institutional sales APAC at Fiera Capital, where he led business development and managed key client accounts within the APAC institutional markets. Prior to that, he worked in EMEA institutional sales at Fiera Capital where he focused on expanding sales and services to institutional clients. Stephen also held various leadership positions in institutional sales at the Rohatyn Group in both Singapore and London. Stephen earned a B.A. with honours from Bristol Business School at the University of West England.

Andrew McCagg
Senior Client Portfolio Manager, Nomura Asset Management

Andrew McCagg is senior client portfolio manager for Japanese equities at Nomura Asset Management UK. Ltd. in London. He joined Nomura Asset Management Co Ltd in Tokyo in 2008 after graduating from International Christian University with a bachelor’s degree in Linguistics.

He initially worked as an assistant portfolio manager in the advisory fund management department and moved to the Japanese equities team in 2011. He was a portfolio manager on the Japan Value team for eight years before assuming his current role as CPM.

Kelvin Heng
Portfolio Manager & Credit Analyst, Fixed Income, PineBridge Investments

Kelvin Heng joined PineBridge Investments in 2016 and is a portfolio manager and credit analyst. He is responsible for evaluating emerging market corporate bonds for all Asia and emerging market portfolios.

Previously, Kelvin worked in the Asia credit research team at Bank of America Merrill Lynch in Hong Kong, covering a mix of high yield and investment grade credits across China, India and Southeast Asia. Prior to that, he worked at Barclays in London on the European credit research team, covering European high yield and investment grade credits in the retail, consumer and services sectors. Kevlin received a Bachelor of Commerce in finance from the University of British Columbia. He is also a CFA charterholder.

Pierre Chartres
Investment Director, Fixed Income, M&G Investments

Pierre is an investment director in the fixed income team. His role involves explaining the investment philosophy, process and performance of M&G’s fixed income fund range, as well as providing updates on overall financial market performance, investment trends and the economic outlook​.

Before joining M&G in 2013, Pierre worked at BNY Mellon Asset Management for seven years, most recently as a portfolio strategist designing, developing and managing multi-asset investment solutions. Prior to that, he spent two and a half years at Natixis Asset Management in Paris​.

He has a masters-level degree in business and finance from ESSCA Business School, Angers, France and is a CFA charterholder.

Michael Dyer
Investment Director, Multi Asset and Equities, M&G Investments

Michael Dyer is an investment director covering multi-asset and equity investments, based in Hong Kong. Michael joined M&G in 2019. Prior to joining M&G, Michael worked at Neuberger Berman in Hong Kong, as a client portfolio manager for multi-asset, liquid alternative and equity investments and Morgan Stanley Investment Management, in London, in multi-alternative and hedge fund portfolio solutions. Overall, Michael brings over 21 years of experience working in the investment management industry.

Michael graduated from University of Leeds and holds the chartered financial analyst (CFA) and chartered alternative investment analyst (CAIA) designations.