Join us for a focused workshop on the key trends shaping today’s investment and operating environment. Investment and operational leaders from our Investor Chapter and Signatory communities will discuss market developments, private market and liquidity considerations, and findings from the SBAI Endowment & Foundation Survey.
The session encourages practical peer exchange on how institutions are adapting portfolios, governance, and operating models amid growing complexity.
Agenda:
10:30: Registration
Geopolitical landscape: tariffs, sanctions, evolving trade & industrial policy
Outbound investment trends & regulatory considerations
Currency exposures & hedging considerations for global allocations
Scenario planning and portfolio positioning implications




12:00: Lunch
The rise of evergreen funds: opportunities, risks, & structural considerations
Liquidity tools in private markets: secondaries, continuation vehicles, & NAV-based facilities
Governance and investor experience considerations
The role of due diligence in protecting investment portfolios
The role of industry standards & the evolving regulatory landscape





Diversification across publics and alternatives
Operational complexity of private markets & manager oversight
Technology gaps, integration challenges, & automation priorities
Governance frameworks versus portfolio complexity
Growing use of AI in investing & operations

14:00: SBAI Update & Closing Remarks
14:15: Session Finishes
More Speakers to be announced soon

Director, Strategic Asia Advisors Ltd
Ted Lee is a veteran of Asia’s alternative investment landscape, with a career spanning key roles as both allocator and investment manager, from venture capital to hedge funds. He is currently Senior Adviser to leading asset management firms and an industry thought leadership association, as well as a partner at a global deep tech venture capital firm.
Ted previously served as Managing Director at CPP Investments, where he spent 11 years developing Asia Pacific hedge fund exposure for the second largest North American pension. Prior to CPP Investments, Ted was a Managing Director at Blackstone’s Funds of Hedge Fund Solutions in Hong Kong, evaluating and monitoring Asian hedge fund managers and serving on BAAM’s Investment Committee, which oversaw over $30 billion in assets and today manages more than $100 billion.

Equity CIO, GaoTeng Global Asset Management
Daniel Li is the equity CIO at GaoTeng, and the PM/ Founder of Milvus Capital Fund. He has 24 years of experience in China equity investments. Prior to joining GaoTeng, he was PM at Millennium, Executive Director at Goldman Sachs Proprietary Desk, and Trader at SAC Capital.
At GaoTeng, Mr. Li’s Milvus Capital Fund has been awarded Greater China Hedge Fund (5 Years) by Insights & Mandate 2025 & 2023 Professional Investment Awards, No.2 Best Equity Hedge Fund in Offshore China Fund Awards 2024 (1 Year & 3 Years) by HKCAMA & Bloomberg, and Best Asia Absolute Return Fund (3 Years) in Asia Asset Management 2023 Best of the Best Awards. Daniel has also been named as Star Manager (Equity, Hong Kong) in Insights & Mandate 2022 Professional Investment Awards.
Mr. Li holds a Bachelor’s Degree from Tongji University. He obtained Master’s Degree in Economics from Fudan University and MEIMaster’s Degree in Computational Finance from Carnegie Mellon University.

Partner, Morgan Lewis
Todd Liao advises clients on a wide range of cross-border transactions and dispute resolution matters. Todd works closely with U.S. and international teams to represent Chinese companies—including large state-owned enterprises and private businesses of various sizes—in litigation and other disputes in the United States and other foreign jurisdictions. He is fluent in Mandarin Chinese, English, Shanghainese, and Cantonese.
Todd is a member of the firm’s US-China trading policy and global impact team. Todd has substantial experience conducting internal investigations in trade-related areas such as export controls, import and customs matters, and sanctions programs. He has provided legal services to Chinese companies in connection with petitions for removal from the Entity List under the U.S. Department of Commerce’s Bureau of Industry and Security export control regulations. Todd provides advice to Chinese companies on global data governance and assists them in entering overseas markets, including issues related to public and data privacy considerations, cross-border data transfers from overseas to China or the EU, analysis of data protection agreements, and regulatory compliance summaries. Todd also advises Chinese companies on addressing the impact of geopolitical issues. Through compliance due diligence, drafting communications with U.S. authorities, and working with third-party audit firms to conduct comprehensive IT security assessments, he provides strategic support to ensure compliance with U.S. government concerns regarding the collection and cross-border transfer of sensitive personal data and national security interests.

Co-CEO & Co-CIO
Laurence Yang is the Founder, Co-CEO and Co-Chief Investment Officer of LHG Capital Management, one of the leading pure-play global macro hedge funds in the Asia-Pacific region. LHG is headquartered in Hong Kong and Zürich, with representative offices in Abu Dhabi, Beijing, and Melbourne.
Mr. Yang founded LHG at the age of 22 and has since been involved in all phases of its development. Under his leadership, LHG's assets under management have grown from the initial US$18 million in 2017 to over US$2 billion in 2025, and investors in the firm's funds include Fortune Global 500 companies, leading single-family offices, and large consortiums.
Mr. Yang pioneered LHG's proprietary quantamental (quantitative + fundamental) research and investment process — a modernized approach to global macro investing that combines traditional macro fundamental and relative value analysis with modern-day quantitative analysis powered by supercomputers, machine learning, and big data. Mr. Yang is also the architect of LHG's six core investment philosophies.

Partner, Private Markets, Albourne Partners
Yingwen joined Albourne in 2015 and is a Partner on the Asian private markets investment due diligence team focusing on Greater China and Pan-regional PE and VC managers. She has more than 20 years’ experience in alternatives that spans across multiple alternative asset classes including hedge funds, private equity and venture capital. Prior to joining Albourne, Yingwen was the Head of Asia for funds research at Nutrimenta, a Swiss-based multi-family office, where she had responsibility for the firm’s hedge fund investments in the region.
Yingwen is from the pioneer class of graduates from Singapore Management University where she obtained her Bachelor of Business Management. She has been a CAIA Charterholder since 2006 and is also currently serving as the Deputy Chair of the CAIA Greater China Chapter.

Head of Asia ODD, Albourne Partners
Ash Gupta is the Head of Asia ODD at Albourne Partners, an alternatives investment advisor covering hedge funds, private equity, private credit, real estate and real asset funds.
Prior to Albourne, he was the Chief Operating Officer at Ascender Capital, an Asian equity-focused hedge fund, and the Head of Business Development for Bagan Capital, an emerging markets private equity firm. Previously, Ash was on the Asian Equity Derivatives team at Societe Generale and an Analyst at Private Capital.
He received a BA in Economics from Tufts University and a PGC in Financial Engineering from Stanford University.

Registered Foreign Lawyer, Morgan, Lewis & Bockius
Alice Huang is a partner in the investment management practice based in the firm’s Hong Kong office. Alice skillfully represents fund sponsors in the United States and Asia-Pacific regions in the formation, structure, and ongoing management of investments. She draws on her diverse experience to structure various fund types and represents institutional investors in negotiating operating and side letter agreements for investments in global private funds, including in sectors across real estate, healthcare, TMT, infrastructure, consumer and finance, among others.
Alice brings a thorough knowledge and technical understanding of private investment fund clients having served as general counsel for an Asia Pacific private equity firm based in Hong Kong. In this role, she managed the companywide legal, compliance, and tax functions with respect to the company’s operations and investments in the Greater China region, South Korea, Tokyo, and the United States. Alice also reviewed and designed carried interest and other compensation schemes for the management and investment teams. Prior to practicing law, Alice advised clients on inbound and outbound tax transactions as senior tax manager with Deloitte Touche Tohmatsu in Los Angeles.

Senior Associate, Morgan Lewis
Ian Kwong focuses his practice on private investment funds, advising registered and unregistered investment advisors based in the United States and in the Asia Pacific region on the formation, structure, and ongoing management of investments in global markets. He also represents large institutional investors (including financial institutions and sovereign wealth funds) in connection with investments in private investment funds, separate accounts and co-investment transactions, as well as private credit and direct debt investments.
Ian also has experience advising on regulatory matters relating to licensing fund managers and securities advisory operations in Hong Kong.
Prior to joining Morgan Lewis, Ian was an in-house counsel of a family office and practiced in Hong Kong office of a global law firm where he represented financial institutions on banking and financing transactions.

Senior Vice President, Investment , Peak Reinsurance Company
Ben Tse is an alternative investments specialist in the insurance sector with over 18 years of experience, bringing deep expertise across real estate, infrastructure, real assets, private debt, asset‑based credit, and private equity. His work spans deal origination, structuring, screening, underwriting, and execution, as well as manager and fund due diligence from an asset‑owner perspective.
He is currently affiliated with HKUST Business School, contributing his industry insights to its programs. Ben also holds advanced credentials, including the CFA Institute’s Certificate in ESG Investing (2022), Climate Risk, Valuation, and Investing (2024), and a Certificate in Private Credit from Fitch Learning (2026).

Research and Content Director, SBAI
Brian Digney joined the SBAI in March 2023 in the role of Research and Content Director. He is responsible for content development and co-ordination of the ongoing and future working groups on a wide variety of topics, including valuation of private assets, ESG & carbon footprinting, governance, insurance linked strategies, digital assets, asset management regulation and compliance as well as new topics to be determined in the future.
Prior to joining the SBAI, Brian was the Head of Due Diligence & Governance Oversight at Innocap Global Investment Management (Ireland) Ltd (2018-2023) in Dublin, a subsidiary of Innocap Investment Management Inc., a US$50bn hedge fund platform. He acted as Designated Person for Operational Risk Management, a regulated role by the Central Bank of Ireland. He also sat on Innocap’s Irish Risk Oversight and Valuation Committees. In 2017, Brian joined Albourne Partners in London as a Senior Operational Due Diligence Analyst. From 2015 to 2017 he was employed as an Operational Due Diligence Analyst at Mercer Sentinel in London. From 2010 to 2015 he held various Associate level roles at Decura LLP, Morgan Stanley and Citi.
Brian holds an LLB Hons in Law with Criminology and an M.Sc. in Management and Corporate Governance from University of Ulster. Brian is a Chartered Alternative Investment Analyst.
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