SHK Fund Management, an asset-management arm of Hong Kong's Sun Hung Kai group, has added a new fund to its platform of alternative investments for its Asian clients of high-net worth and institutional investors. After searching for an asset class that offers decent returns, low volatility and low correlation to others, the firm settled on asset-backed finance.
It chose to work with investment advisor Eden Rock, a London-based manager of multi-strategy fund of hedge funds with a large exposure to asset-backed lending funds, says Jacqueline Ho, managing director at SHK. The SHK Asset Backed Finance Fund aims to return 10-15% annually with only 3% volatility.
Eden...
