External Investment Managers
Lion Global Investors Limited has been appointed as the external investment manager for TA South East Asia Equity Fund.
A member of the Oversea-Chinese Banking Corporation Limited (OCBC) Group, Lion Global Investors is one of the largest asset managers in Southeast Asia. Affirmed by over 36 years of expertise, Lion Global Investors is dedicated to managing Asian equities and fixed income for institutional and retail investors globally. Established since 1986, Lion Global Investors is uniquely positioned to provide Asian fixed income, Asian equity and Asian multi-asset strategies (absolute and relative basis) to both institutional and retail investors. Clients are served by one of the largest and most experienced investment teams in Asia dedicated to asset management. Comprising over 50 investment professionals, averaging 25 years of financial industry experience and beyond, more than half of Lion Global Investors’ investment professionals hold the Chartered Financial Analyst (CFA) designation. Headquartered in Singapore, Lion Global Investors enjoys the advantage of seamless and coordinated access to all management, investment, support and operational functions. This centralised approach provides Lion Global Investors with efficiency in serving clients globally.
The total value of funds under management is SGD68.4 billion (USD51.0 billion) as at 31 December 2022.
For more information about Lion Global Investors Limited, please visit www.lionglobalinvestors.com.
MATERIAL LITIGATION AND ARBITRATION
On 6 July 2011, Lion Global Investors Limited was served a claim by the Liquidators of Fairfield Sentry Limited (“FSL”) in the U.S. Bankruptcy Court in New York seeking recovery of redemption payments allegedly made to Lion Global Investors by FSL amounting to US$50,583,443. On 7 October 2011, Lion Global Investors was served a claim by the Trustee in Bankruptcy of Bernard L. Madoff Investment Securities LLC seeking recovery of the same sum of redemption payments. Although there are two claims, they are in respect of the same payment. Lion Global Investors is of the view that both claims are misguided as the monies were never received by it. These proceedings are still ongoing but Lion Global Investors Limited is confident that it will be able to successfully dismiss both claims.
Besides the two claims mentioned above, Lion Global Investors attests that it is not currently involved in any material litigation or arbitration, whether pending or threatened, or aware of any facts that is likely to give rise to any proceeding which might materially affect its business or financial position.
Fullerton Fund Management Company Ltd (“Fullerton”) has been appointed as the external investment manager for TA Global Absolute Alpha Fund, TA Asia Absolute Alpha Fund, TA Global Absolute ESG Alpha Fund, TA Global Absolute Alpha-i Fund and TA Total Return Income Fund.
Fullerton is an Asia-based investment specialist with assets under management of USD 37.2 billion as at 31 March 2023.
At Fullerton, we are focused on optimising investment outcomes and enhancing investor experience. We help clients, including government entities, sovereign wealth funds, pension plans, insurance companies, private wealth and retail, from the region and beyond, to achieve their investment objectives through our suite of solutions. Our expertise encompasses equities, fixed income, multi-asset, alternatives and treasury management, across public and private markets. As an active manager, we place strong emphasis on performance, risk management and investment insights.
Incorporated in 2003, Fullerton is headquartered in Singapore, and has associated offices in Shanghai, London, and Brunei. Fullerton is part of a multi-asset management group, Seviora, a holding company established by Temasek. Income Insurance, a leading Singapore insurer, is a minority shareholder of Fullerton.
As at 30 September 2023, Fullerton is not engaged in any material litigation and arbitration, including those pending or threatened, and is not aware of any facts likely to give rise to any proceedings which might materially affect its business/financial position.
Opus Asset Management Sdn Bhd (“OpusAM”) has been appointed as the external investment manager for TA Dana Afif.
OpusAM is licensed by the SC to provide fund management services and to deal in securities restricted to unit trusts pursuant to the Capital Markets and Services Act 2007. The company has been providing investment management services since 24 December 1996 and started by managing equity investment portfolios, including a third party equity unit trust fund. When the present shareholders took over management of the company on 3 January 2005, they started a new business direction, which focused solely on fixed income investments. In Malaysia, OpusAM has a wide market network and strives to achieve a strong market presence in the fixed income market. OpusAM’s clients include insurance companies, state governments, statutory bodies, government-linked companies, corporations, foundations, cooperatives, private banking, universities, hospitals, individuals and family trusts.
The total value of funds under management is RM7.1 billion as at 31 January 2023.
As at 15 January 2023, OpusAM is not engaged in any material litigation and arbitration, including those pending or threatened, and any facts likely to give rise to any proceedings which might materially affect the business/financial position of OpusAM.
Invesco Advisers, Inc. (“IAI”) has been appointed as the external investment manager for TA Global Focus Mandate.
IAI is a wholly owned subsidiary of Invesco Ltd. (Invesco). Founded in 1986, IAI is an investment advisor registered with the U.S. Securities and Exchange Commission (“SEC”). The Company provides discretionary and nondiscretionary investment advisory services across a broad spectrum of investment strategies, sectors and asset classes to individuals, institutional and high net worth clients through separate accounts, wrap programs and U.S. registered investment companies, other commingled investment vehicles and other similar arrangements. IAI’ investment advisory services consist of investigating, identifying and evaluating investment opportunities, structuring, negotiating and making investments on behalf of its clients, managing and monitoring the performance of such investments and disposing of such investments.
Invesco is a leading independent global investment management firm, dedicated to helping investors achieve their financial objectives. Invesco offers a wide range of single-country, regional and global capabilities across major equity, fixed-income and alternative asset classes, delivered through a diverse set of investment vehicles. The firm is entrusted to manage over USD1.5 trillion of client assets as at 30 June 2023.
Invesco has a strong and growing presence in Asia-Pacific, with 13 offices in 8 markets (Hong Kong, Mainland China, Singapore, Japan, Taiwan, Australia, Korea and India). With 50 years of experience investing in the region since 1962, Invesco is able to draw on our domestic investment capabilities to provide solutions designed to deliver key outcomes aligned to local and global investors.
The designated fund manager is John Delano. His profile is as set out below:
John Delano
Senior Portfolio Manager, CFA
John Delano is a Senior Portfolio Manager for the Global Equity team at Invesco. Mr. Delano joined Invesco in 2007 as a senior research analyst with the Growth Equity Investment team specializing in the consumer discretionary and staples sectors for mid- and large-cap growth. He joined the Global Equity team in 2010. Prior to joining the firm, he worked at Putnam Investments as an analyst covering large-cap growth, focusing on hardware, software, and telecommunication services. During his nine-year tenure at Putnam Investments, he was also a derivatives analyst and an equity analyst, focusing on retail. Before that, he worked as a trader at NationsBanc–CRT. Mr. Delano has been in the industry since 1998. Mr. Delano earned a BS degree in civil engineering from the University of Virginia and an MBA from Duke University. He is a Chartered Financial Analyst® (CFA) charterholder.
Litigation
From time to time, Invesco and its subsidiaries may be involved in civil legal proceedings in the ordinary course of business. No such legal proceedings currently pending or threatened are expected to have a material impact on Invesco’s business or operations. There are no pending criminal proceedings against Invesco or any of its subsidiaries and Invesco is not aware of any threatened criminal proceedings against it or its subsidiaries. Any material litigation would be disclosed in a public filing.
Invesco Asset Management Limited (IAML) has been appointed as the external investment manager for TA Asia High Conviction Mandate.
IAML is an indirect, wholly owned subsidiary of Invesco Ltd. (Invesco). The principal activity of IAML is the provision of investment management services on both a discretionary and non-discretionary basis to pension and profit sharing plans, educational institutions, investment companies, insurance companies, individuals and holding companies. IAML also acts as investment advisor for a number of mutual funds on a sub-advised basis.
Invesco is a leading independent global investment management firm, dedicated to helping investors achieve their financial objectives. Invesco offers a wide range of single-country, regional and global capabilities across major equity, fixed-income and alternative asset classes, delivered through a diverse set of investment vehicles. The firm is entrusted to manage over USD1.4 trillion of client assets as at 31 December 2022.
Invesco has a strong and growing presence in Asia-Pacific, with 13 offices in 8 markets (Hong Kong, Mainland China, Singapore, Japan, Taiwan, Australia, Korea and India). With 50 years of experience investing in the region since 1962, Invesco is able to draw on our domestic investment capabilities to provide solutions designed to deliver key outcomes aligned to local and global investors.
The designated fund managers are Ian Hargreaves and William Lam. Their profiles are as set out below:
Ian Hargreaves (Co-Fund Manager for TA Asia High Conviction Mandate)
Co-Head of Asian and Emerging Markets Equities
Ian is Co-Head of the Asian & Emerging Markets Equity team. He manages a number of Asian equity portfolios including the Invesco Asian Equity Fund and co-manages the Invesco Asia Trust plc. He is also co-manager of the Invesco Global Emerging Markets Fund (UK).
He started his investment career with Invesco Asia Pacific in Hong Kong in 1994 where he was responsible for managing several pan-Asian institutional client portfolios. In January 2005, Ian returned to the UK to join the Henley Investment Centre’s Asian Equities team.
Ian holds a BA (Honours) in Chinese Studies from Durham University and is a CFA Charterholder.
William Lam (Co-Fund Manager for TA Asia High Conviction Mandate)
Co-Head of Asian and Emerging Markets Equities
William is Co-Head of the Asian & Emerging Markets Equity team. He manages the Invesco Asian Fund (UK) and co-manages the Invesco Pacific Fund (UK) and the Invesco Global Emerging Markets Fund (UK).
William began his investment career in 2001 at Orbis Investment Advisory Limited as a global investment analyst before joining the Henley Investment Centre’s Asian Equities team in May 2006.
He holds an MA in Psychology and Philosophy from Oxford University and an MSc in Music Technology from York University. He qualified as a chartered accountant in 2001 and became a CFA Charterholder in 2004.
Material Litigation
As at the 31 December 2022, IAML is not engaged in any material litigation and arbitration, including those pending or threatened, and is not aware of any facts likely to give rise to any proceedings which might materially and adversely affect its financial position.