News

INVESTOR DAILY
In buoyant times, it’s easy to overlook the role of the steady and stable parts of a portfolio – the conservative income-generators that don’t make headlines. But these are exactly the assets that provide stability when everything else is in flux. Yet the traditional 60/40 portfolio is no longer proving a robust stronghold among record volatility. Traditionally, multi-asset portfolios have relied on the negative correlation between bonds and equities for diversification. However, increasingly, we are seeing a positive correlation in public markets. The year 2022 was an extreme example, where we saw significant correlated dips in both bonds and equities, and it is what we have again seen repeated in the most recent bout of market volatility.

FIXED INCOME NEWS AUSTRALIA
Specialist Australian private credit investment manager, Zagga, has accelerated its regional expansion with the launch of a new real estate private credit fund tailored to meet growing demand among Southeast Asian investors.

DEAL STREET ASIA
Australian specialist private credit investment manager Zagga has launched an new real estate private credit fund designed to meet growing demand from Southeast Asian investors, according to an announcement.

ALTERNATIVE CREDIT INVESTOR
Alternative investment manager Zagga has launched a new real estate private credit fund, which will invest directly in prime commercial real estate along Australia’s east coast. The Zagga Real Estate Credit Fund has been established to meet growing demand from ASEAN investors in Australian real estate private credit. Alan Greenstein, chief executive of Zagga, recently reported seeing increased interest from both investors and borrowers in Australian private credit, which had led to an influx of managers.

FINEWS ASIA
Zagga has appointed Roushana Sjahsam as senior board advisor ASEAN, according to a statement. In the newly created role, she is charged with raising awareness of Zagga and its specialized real estate private credit offer amongst institutional investors, family offices and wealth managers across Southeast Asia. In addition, Zagga has launched a new Singapore Variable Capital Company (VCC) – the Zagga Real Estate Credit Fund. Established to support the growing appetite from ASEAN investors for Australian real estate private credit, the fund will invest directly in quality prime commercial real estate across Australia’s east coast.