The Hong Kong Government gazetted the new Limited Partnership Fund Bill on 20 March 2020.  The Bill had its first reading on 25 March 2020 and is expected to become law later this year.

Specifically designed for private funds and enabling the establishment of onshore funds in Hong Kong, this historic legislative reform will deepen and strengthen the ecosystem that supports the funds industry and better position Hong Kong for growth as a leading asset management hub in the Asia Pacific region.

Join to hear from the HKMA and experts from EY and Sidley on the implications to our industry.

At this session, Mr Hiroshi Okubo of CBRE, Mr Daisuke Kitta of Blackstone and Mr Phi Le of PAG Real Estate shared with us their views on the latest investment trends in Japan and the market sector outlook, as well as the strategies they are employing to deal with this unprecedented economic situation.

Message from the Chief Executive to ANREV members and stakeholders

 

On 18 February 2020, ANREV has organised a webinar discussing all ANREV indices. The slides and recording of the webinar are available to view / download below.

At this webinar. Amélie Delaunay, Director of Research and Professional Standards at ANREV and her team went through all the ANREV indices including the recently launched ODCE index, and discussed the global initiatives we are currently working on. 

To view the recording, please click here.

ANREV, INREV and NCREIF have signed a Global Alliance Memorandum of Understanding (MoU) to advance the global agenda of transparency, accessibility and professionalism and increase harmonisation across the non-listed real estate industry. The alliance brings together the major industry bodies of Asia Pacific, Europe and the US.

Please download the full press release in the link below.

During the briefing, John Moutsopoulos and Grant Mackinlay of KPMG Australia delivered a presentation and discussion on recent changes to Australia’s regulatory framework for foreign fund managers that wish to raise capital from Australian investors; specifically:

• Update on ASIC s recent repeal of licensing exemptions for foreign fund managers who have clients in Australia or wish to raise capital in Australia;
• legal and tax implications for ANREV members with an existing book of clients in Australia including transitional arrangements;
• legal and tax implications of key options for ANREV members going forward to raise capital in Australia including reliance on other licensing relief, applying for a foreign licence, or setting up a local office and applying for a standard license.

This webinar session is successfully held on 14 May 2020.

At this session, Varoon Raghavan, Co-founder and Chief Operating Officer of Princeton Digital Group shared with us the opportunities and challenges facing the industry.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of -3.43% in April 2020. The ACOE includes 19 funds with a total GAV of AUD 111.34 billion.

The ACOE index also reports data on geographic allocation by sectors.

Please contact Daisy Huang at [email protected] or Draco Mok at [email protected] if you have any questions regarding the Index.

Message from the Chief Executive to ANREV members and stakeholders

In response to the current COVID-19 outbreak, ANREV is increasing its online offering to include timely content to prepare our members with the insights and knowledge they need to prepare for this new wave of challenges. 

On Thursday, 7 of May,  16:30 pm – 17:30 pm (HK Time GMT +8) we offered members the opportunity to join a briefing on 'Reporting during exceptional circumstances'

During the briefing, Amelie Delaunay, ANREV was joined by Paul Walters, Michelle Wong, PwC , James Crawford, JLL and Danny Mohr, CBRE to deliver a presentation and discussion on:

• Appropriate levels of disclosure
• How to follow a risk assessment approach for reporting
• Practical thoughts on the use of Valuations in the current market…

Additionally, members may find a summarized set of existing INREV Guidelines and considerations for investment managers when reporting to investors on any significant changes that have or could have a material impact on the vehicle’s operations and performance.