ROLES AND RESPONSIBILITIES OF THE EXTERNAL INVESTMENT MANAGER
BOSWM MY has appointed and entered into an investment management agreement with an external investment manager to manage the equity, equity-related and collective investment schemes portion of the Pacific AsiaPac Income Fund, Pacific Focus China Fund, Pacific Dynamic AsiaPac Fund and Pacific Global Disruptive Innovation Fund (“the Funds”). The said external investment manager is Singapore-based Lion Global Investors Limited (formerly known as Lion Capital Management Limited) (“Lion Global Investors”), incorporated in Singapore on 22 August 1986 and licensed by the Monetary Authority of Singapore as a holder of Capital Markets Services Licence for Fund Management since 10 October 1990.
Lion Global Investors is responsible for managing in accordance with the investment objective of the Funds. Lion Global Investors has discretionary authority over the investment of the Funds subject to the Securities Commission Guidelines on Unit Trust Funds, the relevant securities laws, the internal procedures as well as the investment objectives of the Funds and the direction of the Investment Committee of the Funds. Lion Global Investors reports to the Investment Committee of the Funds on a regular basis on the status of the Funds’ portfolio, proposed investment strategies and discuss matters relating to the portfolios.
BACKGROUND OF THE EXTERNAL INVESTMENT MANAGER
Lion Global Investors, a member of the Oversea-Chinese Banking Corporation Limited (OCBC) Group, is one of the largest asset management companies in Southeast Asia, with group assets under management of S$59.8 billion (US$44.5 billion) as at 31 December 2019. Established as an Asian asset specialist since 1986, Lion Global Investors offers equities and fixed income funds to institutional and retail investors globally. It has one of the largest and most experienced investment teams dedicated to regional and global equities and fixed income markets, with more than 40 investment professionals with an average of 17 years of investment experience. The company’s commitment to investment excellence begins with a team-based and research-intensive approach, combining in-depth market insights with comprehensive sector knowledge.
Lion Global Investors is 70% owned by Great Eastern Holdings Limited and 30% owned by Orient Holdings Private Limited, a wholly-owned subsidiary of OCBC Bank.
For more information, please visit www.lionglobalinvestors.com