🎙 Guest: Allen Sing, CIO, Sun Hung Kai Capital Partners
🎙 Host: Alvin Fan, CEO, OPIM
Allen Sing is the CIO of Sun Hung Kai Capital Partners, one of HK’s leading alternative investment platforms and multi-asset family offices. In this rare and candid interview, Allen sits down with Alvin to talk through the global macro landscape from an allocator’s lens—a perspective few fund managers ever get to hear.
From trade wars and Trump tariffs to bond market chaos and EM rebalancing, Allen breaks down how institutional allocators are reading the tea leaves.
đź“Ś Chapters
00:00 – Intro: Who is Allen Sing and what does SHK Capital Partners do?
02:45 – From Asia to global: How allocations have shifted post-trade war
06:00 – Is this a new paradigm? Comparing today to GFC and COVID
09:00 – U.S. debt, Trump tariffs, and China's response
11:00 – Bond market volatility and the unraveling of the basis trade
14:50 – Why allocators are hesitant: “Not making a call may be better than making a call”
17:15 – Dalio’s “Beautiful Unwinding” and macro threats
20:00 – EM debt: opportunity or risk?
22:30 – Why allocators are rebalancing—not rotating
27:00 – Where SHK is finding better risk-adjusted returns
30:00 – Will SHK add to U.S. if the macro stabilizes?
32:45 – Pivot to alpha strategies: “Going back to the hedge fund side…”
đź“… Recorded on 29 Apr, 2025
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