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Time of India
15-05-2025
- Business
- Time of India
Blackstone-backed ASK Investment Managers launches special opportunities portfolio
ASK Investment Managers has announced the launch of its new equity PMS strategy - ASK Special Opportunities Portfolio , to enable agile value investment opportunities in today's volatile times. The fund subscription window will close as soon as any one of the following conditions is met - End of fundraising window on 31 July 2025, or total assets raised reach Rs 1,000 crore, or at the discretion of the Portfolio Manager , provided the market valuations become unfavourable or if the incremental investment opportunity diminishes. Also Read | MF Tracker: Can this smallcap mutual fund add value to your portfolio? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » The newly launched fund will be a differentiated and limited-period investment offer which aims to invest predominantly in stocks that present special investment opportunities and capitalize on the market conditions. The minimum investment ticket size of the ASK Special Opportunities Portfolio will be Rs 50 lakhs, and the company is targeting to raise Rs 1,000 crore from this portfolio. The fund plans to ride on the strong fundamentals of the Indian economy from a long-term perspective and the substantial correction in the markets in the last few months. Live Events The portfolio strategy will be market-cap agnostic and free from sectoral limitations, enabling it to capture value across the investment universe flexibly. It will be built on a bottom-up stock selection process and will typically comprise 15 to 30 stocks, with no single stock exceeding 10% of the overall portfolio. The benchmark for this portfolio will be the BSE 500 Total Return Index ( TRI ), offering a broad representation of the Indian equity market. The fee structure includes both fixed and hybrid models, allowing for greater flexibility for investors. ASK Special Opportunities Portfolio will be managed by Sandip Bansal. This portfolio is suitable for UHNIs (Ultra High Net Worth Individuals), HNIs (High Net Worth Individuals), Family Offices, Corporate Treasuries, and Private Family Trusts that are looking for diversification solutions for their portfolio. In a unique feature of the fund, ASK Investment Managers intends to return capital to investors upon the occurrence of any of the following three conditions at the discretion of the Portfolio Manager - completion of 4 to 5 years of portfolio tenure, doubling of the portfolio value, or at the discretion of the Portfolio Manager, in situations where factors such as sharp valuation escalations, diminishing return potential, or evolving market conditions indicate that returning capital would be in the best interest of investors. Also Read | Mutual funds use inflows to stuff another Rs 17,300 crore in their cash bag 'At ASK, we continue to innovate and evolve our offerings in line with dynamic market environments and the sophisticated needs of our clients, driven by a data-driven and research-backed equity investment approach. We see the current market offering many value investing opportunities, where the companies have a sound track record, proven management credentials and have good growth prospects. As market volatility increases, we believe ASK Special Opportunities Portfolio will be an ideal fit for investors looking to create wealth with a horizon of 4-5 years. With our proven track record, ASK Investment Managers is confident of meeting the investment needs of investors through this offering,' said George Heber Joseph, CIO & CEO (Equity), ASK Investment Managers. 'The environment of heightened global volatility, macroeconomic uncertainty, and shifting market dynamics presents an opportunity to capitalize on pockets of undue pessimism or under-appreciated growth potential, with a long-term investment horizon. The launch of the ASK Special Opportunities Portfolio reflects our belief that periods of dislocation often present the most compelling investment opportunities,' said Sandip Bansal, Deputy CIO, ASK Investment Managers. He further added, 'In this strategy, our investments will be in two broad buckets - stocks wherein we have good valuation comfort or that present high growth opportunities. The first bucket has high re-rating potential while the second bucket has superior earnings, latent earnings potential or possibility of high profitability over the long-term. Uncertain market conditions have more instances of price-value mismatches. Also, such markets are more punishing on businesses with near-term uncertainties caused by macros, industry-level changes, business cyclicality or company-specific events. This fund enables us to take a contrarian view from a long-term perspective. Our goal is to uncover and participate in unique value creation opportunities that have the potential to deliver superior long-term risk-adjusted returns.'
Qatar Tribune
15-05-2025
- Business
- Qatar Tribune
Seminar sheds light into challenges of family businesses
Tribune News Network Doha The Ministry of Commerce and Industry organised a high-level seminar titled 'Sustainability in Single Family Offices (SFOs)' on Wednesday at the Ministry's headquarters in Lusail. The event was attended by Ayed Manahi Al-Qahtani, Assistant Undersecretary for Trade Affairs, and brought together representatives of top family enterprises, entrepreneurs, legal and accounting firms, and members of the Qatar Association of Certified Public Accountants. The event is part of the Ministry's broader efforts to enhance the national business and investment climate. By promoting the sustainability and long-term growth of commercial enterprises, the Ministry aims to enhance investor confidence, strengthen public-private collaboration, and advance the goals of Qatar National Vision 2030. The seminar highlighted the vital role of family businesses in national economy. It reviewed the current landscape of family enterprises registered with the Ministry and explored mechanisms for establishing new family businesses. Participants examined the advantages and challenges facing family businesses, with a focus on enabling their evolution into joint-stock companies with longer-term continuity prospects. During the event, the Ministry showcased a set of services tailored for family businesses in their transformation journey, including advisory service for transforming family businesses into joint-stock companies and potentially listing them on Qatar Stock Exchange—contributing to the deepening of national capital markets. The seminar also discussed the strategic challenges faced by family businesses, the importance of effective succession planning, and the need for institutional governance structures to safeguard legacy and ensure operational resilience. The seminar covered regional case studies in the areas of family enterprises. At the conclusion, the speakers underscored the importance of sustaining dialogue and collaborative action to elevate the performance of family businesses and expand their contribution to the development of national economy.
Yahoo
10-05-2025
- Business
- Yahoo
Asia's Super-Rich Rapidly Dial Back US Exposure on Trade War
(Bloomberg) -- Some of Asia's richest families are cutting exposure to US assets, saying President Donald Trump's tariffs have made the world's largest economy much less predictable. Is Trump's Plan to Reopen the Notorious Alcatraz Prison Realistic? As Trump Reshapes Housing Policy, Renters Face Rollback of Rights Vail to Borrow Muni Debt to Ease Ski Resort Town Housing Crunch NYC Warns of 17% Drop in Foreign Tourists Due to Trump Policies LA Mayor Credits Trump on Fire Aid, Stays Wary on Immigration One family office managing assets for Chinese billionaires exited its US holdings entirely and will shift the proceeds to Asia. A senior executive at one of Europe's largest private banks said the scale of the recent selloff from rich clients and institutions around the world is unprecedented over the past three decades and could be the beginning of a more persistent shift. A top bank executive in Asia got rid of 60% of US assets from his own portfolio, saying it's safer to hold cash and gold. About 10 family offices and advisers to the ultra-rich who oversee billions of dollars told Bloomberg News they're reducing their exposure or freezing investments, mostly in US equities and Treasuries. They cite rapid policy shifts, uncertainty and the risk of a recession. Some of them asked not to be identified discussing private investment decisions. 'For the first time, some families are considering partial divestment from US holdings,' Henry Hau, chief executive officer of Hong-Kong based Infinity Family Office, said in an interview. 'These families weathered the dot-com bubble, the Asian financial crisis, and the 2008 global crisis while maintaining faith in US assets. Now, however, they are exploring reallocating 20%-30% of their US portfolios to China and Europe.' The pullback marks a rapid change from just a few months ago, when many in Asia's business elite cheered Trump's election win, sending share prices at banks and major tech firms to record highs. Hong Kong and mainland China, which have been dealing with the fallout of a property crisis in recent years, are among the key markets benefiting from the US pullout, as well as Europe. Hong Kong's benchmark index, on which many key Chinese firms are listed, has gained more than 13% this year, while the S&P 500 is down about 4%. 'Much of the Chinese business community, like the business community elsewhere, was looking forward to Trump the deal maker, rather than Trump the anti-trade hawk,' said Clifford Ng, a managing partner of Zhong Lun Law Firm in Hong Kong who advises the super rich. 'High-net-worth clients are retrenching and re-evaluating their global allocation of capital.' Carman Chan, founder at Click Ventures, a Hong Kong and Singapore-based firm that manages her family's assets, said investors — including herself — are taking profits from the US market. They're allocating more to Asia, primarily China and Hong Kong, where valuations are more attractive. Hau, whose multi-family office serves mainland tycoons, said his firm has hedged against most holdings and will accelerate selling during any market rebounds. The moves by private individuals echo a broader emerging shift away from the world's largest financial market as the Trump administration's policies undermine its appeal. Janus Henderson Investors sees a potential reduction in its US exposure. Amundi SA said clients are pulling away from the US and investing in European funds. The US has long been the world's most popular destination for the rich to invest. Its stock markets are the largest and most vibrant, drawing firms from all over the world to list there, including from China and Hong Kong. Japan and China are also top holders of US Treasuries. For many of the affluent in Asia, the world's largest economy has also been a favored choice to send their children to college. To be sure, it's not clear how broad the pullback will be or how long it will last. US assets form a significant part of many portfolios. While headlines have fueled a swift reaction from some rich investors, other family offices said they will remain on the sidelines rather than actively sell. The US is still a haven that's hard to replace, three family offices executives said. US stocks also remain attractive from a long-term perspective, one of them said. Two other advisers to China's ultra-high-net-worth said their clients continue to have reservations about increasing exposure to the mainland after a years-long crackdown on entrepreneurs, and are waiting to see more evidence of policy support from President Xi Jinping. Upcoming trade talks between the US and China are already spurring optimism that tensions between the world's two largest economies may ease. The Trump administration is weighing a dramatic tariff reduction to de-escalate tensions and temper the economic pain both are already starting to feel, people familiar with preparations for the talks, due to begin in Geneva on Saturday, have said. The US side has set a target of reducing tariffs below 60% as a first step that they feel China may be prepared to match, according to the people. 'The greatest concern is the rule of law,' said Zhong Lun Law Firm's Ng. 'Will treaties and trade deals and ownership rights be respected? If not, investors have little choice but to pull back.' --With assistance from Denise Wee, Lulu Yilun Chen, Tassia Sipahutar and Brian Chappatta. (Updates shares in sixth paragraph, adds more on trade talks in penultimate paragraph.) US Border Towns Are Being Ravaged by Canada's Furious Boycott Maybe AI Slop Is Killing the Internet, After All Pre-Tariff Car Buying Frenzy Leaves Americans With a Big Debt Problem What the US Would Lose If Trump Pushes Out Legal Immigrants Inside the Dizzying Chaos of Running a Freight Business Under Trump ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Free Malaysia Today
09-05-2025
- Business
- Free Malaysia Today
Asia's super-rich rapidly scale back US investments
Hong Kong's benchmark index shows Chinese firms gained over 13% this year while the S&P 500 is down about 3%. (EPA Images pic) NEW YORK : Some of Asia's richest families are cutting exposure to US assets, saying president Donald Trump's tariffs have made the world's largest economy much less predictable. One family office managing assets for Chinese billionaires exited its US holdings entirely and will shift the proceeds to Asia. A senior executive at one of Europe's largest private banks said the scale of the recent selloff from rich clients and institutions around the world is unprecedented over the past three decades and could be the beginning of a more persistent shift. A top bank executive in Asia got rid of 60% of US assets from his own portfolio, saying it's safer to hold cash and gold. About 10 family offices and advisers to the ultra-rich who oversee billions of dollars told Bloomberg News they're reducing their exposure or freezing investments, mostly in US equities and treasuries. They cite rapid policy shifts, uncertainty and the risk of a recession. Some of them asked not to be identified discussing private investment decisions. 'For the first time, some families are considering partial divestment from US holdings,' Henry Hau, chief executive officer of Hong-Kong based Infinity Family Office, said in an interview. 'These families weathered the dot-com bubble, the Asian financial crisis, and the 2008 global crisis while maintaining faith in US assets. Now, however, they are exploring reallocating 20%-30% of their US portfolios to China and Europe.' The pullback marks a rapid change from just a few months ago, when many in Asia's business elite cheered Trump's election win, sending share prices at banks and major tech firms to record highs. Hong Kong and mainland China, which have been dealing with the fallout of a property crisis in recent years, are among the key markets benefiting from the US pullout, as well as Europe. Hong Kong's benchmark index, on which many key Chinese firms are listed, has gained more than 13% this year, while the S&P 500 is down about 3%. 'Much of the Chinese business community, like the business community elsewhere, was looking forward to Trump the deal maker, rather than Trump the anti-trade hawk,' said Clifford Ng, a managing partner of Zhong Lun Law Firm in Hong Kong who advises the super rich. 'High-net-worth clients are retrenching and re-evaluating their global allocation of capital.' Carman Chan, founder at Click Ventures, a Hong Kong and Singapore-based firm that manages her family's assets, said investors – including herself – are taking profits from the US market. They're allocating more to Asia, primarily China and Hong Kong, where valuations are more attractive. Hau, whose multi-family office serves mainland tycoons, said his firm has hedged against most holdings and will accelerate selling during any market rebounds. The moves by private individuals echo a broader emerging shift away from the world's largest financial market as the Trump administration's policies undermine its appeal. Janus Henderson Investors sees a potential reduction in its US exposure. Amundi SA said clients are pulling away from the US and investing in European funds. The US has long been the world's most popular destination for the rich to invest. Its stock markets are the largest and most vibrant, drawing firms from all over the world to list there, including from China and Hong Kong. Japan and China are also top holders of US treasuries. For many of the affluent in Asia, the world's largest economy has also been a favoured choice to send their children to college. To be sure, it's not clear how broad the pullback will be or how long it will last. US assets form a significant part of many portfolios. While headlines have fuelled a swift reaction from some rich investors, other family offices said they will remain on the sidelines rather than actively sell. The US is still a haven that's hard to replace, three family offices executives said. US stocks also remain attractive from a long-term perspective, one of them said. Two other advisers to China's ultra-high-net-worth said their clients continue to have reservations about increasing exposure to the mainland after a years-long crackdown on entrepreneurs, and are waiting to see more evidence of policy support from president Xi Jinping. Upcoming trade talks between the US and China are already spurring optimism that tensions between the world's two largest economies may ease. And Trump could dial back tariffs as quickly as he started them. 'The greatest concern is the rule of law,'' said Zhong Lun Law Firm's Ng. 'Will treaties and trade deals and ownership rights be respected? If not, investors have little choice but to pull back.'
South China Morning Post
09-05-2025
- Business
- South China Morning Post
Trump's tariffs are driving Asia's ultra-rich investors away from US stocks and Treasuries
Some of Asia's richest families are cutting exposure to US assets, saying President Donald Trump's tariffs have made the world's largest economy much less predictable. Advertisement One family office managing assets for Chinese billionaires exited its US holdings entirely and will shift the proceeds to Asia. A senior executive at one of Europe's largest private banks said the scale of the recent sell-off from rich clients and institutions around the world is unprecedented over the past three decades and could be the beginning of a more persistent shift. A top bank executive in Asia got rid of 60 per cent of US assets from his own portfolio, saying it's safer to hold cash and gold. About 10 family offices and advisers to the ultra-rich who oversee billions of dollars told Bloomberg they're reducing their exposure or freezing investments, mostly in US equities and Treasuries. They cite rapid policy shifts, uncertainty and the risk of a recession. Some of them asked not to be identified discussing private investment decisions. 'For the first time, some families are considering partial divestment from US holdings,' Henry Hau, chief executive officer of Hong-Kong based Infinity Family Office, said in an interview. 'These families weathered the dot-com bubble, the Asian financial crisis, and the 2008 global crisis while maintaining faith in US assets. Now, however, they are exploring reallocating 20 per cent-30 per cent of their US portfolios to China and Europe.' Specialist Anthony Matesic on the floor of the New York Stock Exchange on May 6, 2025. Photo: AP The pullback marks a rapid change from just a few months ago, when many in Asia's business elite cheered Trump's election win, sending share prices at banks and major tech firms to record highs. Advertisement Hong Kong and mainland China, which have been dealing with the fallout of a property crisis in recent years, are among the key markets benefiting from the US pull-out, as well as Europe. Hong Kong's benchmark index, on which many key Chinese firms are listed, has gained more than 13 per cent this year, while the S&P 500 is down about 3 per cent.
