CAIA APAC Regional Focus Page

𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐡𝐨𝐥𝐝 𝐟𝐨𝐫 𝐟𝐚𝐦𝐢𝐥𝐲 𝐨𝐟𝐟𝐢𝐜𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐚𝐥𝐦 𝐨𝐟 𝐚𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬? We recently co-hosted an event with CAIA APAC Regional Focus Page, with support from CFA Society Hong Kong, when we delved into this topic. We are grateful to have had over 120 attendees join us both virtually and in person, making it another enjoyable evening! We are privileged to have Joseph HL Chan, Under Secretary for Financial Services and the Treasury Bureau (FSTB) delivering an opening speech. During the event, we discussed how family offices are diversifying their investments across various asset classes, and also the latest trends shaping the alternative investment landscape. The event featured two engaging panels with industry leaders including Elton Cheung 张文础, Managing Partner of VMS Group, Brett Barna, founder of Barna Family Office and CIO of Galaxy Investment Partner, and Maggie Chen, Founder and Managing Partner of Forecourt Partners, moderated by John L Bowman, CFA, President of CAIA Association. They provided invaluable insights into how family offices are diversifying their investments across various asset classes. Another panel highlighted investment experts across different asset classes: Michael Chan, Managing Director of 3Cap AGI, Stephen Zhang, Partner of Roc Partners, Haining Yin, CFA, CAIA, Client and Partner Group of KKR, and moderated by Jayne Bok, Head of Investments, Asia of WTW and Member of the Global Board of Directors of CAIA Association. They discussed the latest trends shaping the alternative investment landscape. Thank you to all the participants and speakers again, we look forward to continuing these conversations and contributing to the family office community that will drive our industry forward! #VMSGroup #CAIA #CFA #AlternativeInvestments #FamilyOffices #HongKong Thank you to the CAIA Team Will Wang Nick Pollard Joey Chan, CFA, FCCA, CPA

Transform your career! The future of investing is here, and it's time to evolve with it. The CAIA Charter gives you the edge to not only keep up—but to lead. March 2025 CAIA exam registration is open: https://bit.ly/40W8MTK First-time registrants can get a US$400 discount with early registration! #CAIANextIsHere #investing #alternativeinvestments

🌟 What an Inspiring Evening! 🌟 We had a fantastic evening co-hosted by the CAIA Association and APEX Singapore, featuring insightful conversations with: *John Bowman, President and Incoming CEO, CAIA Association *Jayne Bok, Member of the Global Board of Directors, CAIA Association *Nick Pollard, Newly Appointed Managing Director, APAC Region, CAIA Association The conversation covered key challenges facing global asset owners in today’s investment landscape, focusing on advancements in asset allocation, the rise of private markets, risk-return strategies in volatility, and the distinctions between liquid and illiquid assets. Key Takeaways: 🌐 Cultural Insights: Growing up across different cultures enriches our perspectives. Understanding various viewpoints is invaluable in today’s global landscape. 📊 Total Portfolio Approach: A fresh way to consider asset allocation—similar to viewing health through a nutrition pyramid. Instead of focusing solely on asset types, think about the risks and exposures akin to macronutrients: Protein, Fat, and Carbs. 🏦 Beyond Investment: Success in asset management relies not just on investment strategies but also on robust business processes, governance, and ESG factors. These areas are crucial for long-term success. Thank you to everyone who joined us for this enlightening discussion! We look forward to seeing you at our next event! John L Bowman, CFA Jayne Bok Nick Pollard Jon Robinson Joey Chan, CFA, FCCA, CPA M. Au Rebekah Pang Alexandra McGuigan, CAIA Hudson Wong, CFA, CAIA, ERP Kyo Tan (陈书渊) Benedict Tan

Thank you to John L Bowman, CFA for the invitation to the engaging CAIA Association chapter event focused on "What's on the Minds of Global Asset Owners." Key Takeaways: 1. Evolving Concerns in Asia-Pacific: Asset owners are navigating the complexities of alternative investments, grappling with talent competition, and addressing heightened governance demands as alternative investment adoption grows. 2. Total Portfolio Approach (TPA): The TPA framework provides a comprehensive strategy for portfolio construction, prioritizing optimized risk-adjusted returns. Despite challenges such as leadership demands and technology investments, many major asset owners are embracing this approach. 3. Systems Thinking: Recognizing the interconnectedness of investment components can significantly enhance decision-making and performance. Embracing systems thinking holds great promise for improving investment outcomes. Also my pleasure to have connected with Nick Pollard Jayne Bok Jon Robinson

Perhaps the most disruptive (and opportunistic) trend over the next decade to asset management will be the democratization and retailization of private capital. CAIA Association sat down with Blackstone Head of Asia for Pivate Wealth Solutions Ed Huang to talk through his journey, the portfolio advantages of alts, the value propositions for certain Asian financial centers, and the importance of doing this with requisite education. Joan Solotar Jon Gray Markets Group ALTS CFA Society Singapore Catherine McNulty Catherine Ow Germaine Gan Nick Pollard

Hype or Trends to Stay? As uncomfortable as I initially felt for Private Credit to share the stage with buzzier topics like AI and Democratization, it turned out to be a fun panel to debate and discuss such a wide range of topics and contribute to our CAIA community. And the answer is yes! All are important trends here to stay, and yet, investor education is a shared responsibility of all of us who might know a thing or two in this jargon-heavy profession. Thank you CAIA Association Jayne Bok Joey Chan, CFA, FCCA, CPA Nick Pollard John L Bowman, CFA and my fellow panelists Michael Chan Stephen Zhang #PrivateCredit

We bet you can guess the largest asset class in the alts universe. Yes, #privateequity. And we all know that nothing stays the same either. Stay on top of the latest trends, changes, and what to expect. https://bit.ly/4gYXFBa Thanks to #webcast speakers: Michael Bell, CEO Meketa Capital Claire Sawyer, Program Manager, UniFi by CAIA™ Phil Huber, CFA, CFP®, Managing Director and Head of Portfolio Solutions, Cliffwater Daniel Wilk, CAIA, Executive Director, FS Investments Cameron Joyce, CFA, CAIA, Head of Research Insights, Preqin

What a great event! It was a true honor to engage in such insightful discussions #TPA with an exceptional group of speakers John L Bowman, CFA, Jayne Bok, Debra Ng , Kevin Bong , and Trevor Persaud. A special thanks to my boss Jiyong Ahn 안지용 for all the support. #ALSSG Markets Group CAIA Association CFA Society Singapore

Professionalism is a marathon not a sprint, and a career long commitment to your clients rather than something you do to simply burnish a CV. This ENTIRE candidate class makes me so proud because, regardless of outcome, they dared and cared to make a difference. Thanks to everyone who tries to make this great industry more professional by putting the clients interests first through ever higher levels of transparency and informed consent 🎈 CAIA Association… because there is no alternative to education.