Partner at Tribeca Capital | Specialised Corporate Advisor with a long-term investment and partnership focus / Building global relationships with investors, corporates, and strategic partners
Asian Credit is a truly unique sector – it’s a very different animal than US or European high yield - and therefore adds real diversification to a portfolio. Except that the index’s increasing exposure to Chinese property in recent years has been a major drag on performance for regional funds as they watched the vast majority of China private property developers default. ? Singapore-based John Stover – who founded the Tribeca Asia Credit Fund 5yrs ago – was not only able to avoid exposure to the sector but benefited from the subsequent upswing in the market. Generating returns of 23% in 2023 and outperforming the closest benchmark by 18%, the fund has won a number of awards for absolute returns in Asia last year. ? There is a view amongst some global allocators that Asian credit markets are more opaque than those in the US and Europe, and while I don’t necessarily agree, the more relevant point is that it is a market where good managers can generate true alpha. ? If you’d like to learn more about the Tribeca Asia Credit Fund or any of our other investment products, please get in touch. #singapore #asia #credit #invest https://lnkd.in/grQjsU3Z
