In today’s briefing:
- Singapore Reit and Business Trust Sector: What Really Caused the Poor Performance?
- Ohayo Japan | Cheap Chinese Memory Hits the AI Hardware Trade
- DayOne’s USD 20bn IPO Triggers AI Capital Rotation: Short Digital Core REIT
- Singapore Market Roundup (13-Oct-2026): DBS downgrades SGX to ‘hold’ amid slowing growth.
- John W. Rogers Portfolio: What Ariel Investments Owns Now (2026)
- LYNX Up 53% as the 2026 Hedge Fund Performance Spread Widens to 75 Points
- G&E Dubin Family Foundation Of Highbridge Has $101M Portfolio Across Hedge Funds, Venture Capital an
Singapore Reit and Business Trust Sector: What Really Caused the Poor Performance?
- Corporate Monitor Ltd’s(CML) 4th report on the REIT sector concluded that overall performance of REITs is poor, as 15 of the 38 failed to return more money to unitholders than the equity they raised (i.e. Return OF Capital or R-OF-C), and only 10 provided a return ON capital (or R-ON-C).
- Another 13 can be said to have provided a return if the increase in net asset value (NAV) is taken into consideration.
- Even here, CML is of the view that their performance is lacklustre.
Ohayo Japan | Cheap Chinese Memory Hits the AI Hardware Trade
- Indexes: Dow -0.4%, S&P 500 -0.0%, Nasdaq -0.2%; 10Y 5.21%, yields eased; Brent $106.3, choppy on Middle East headlines
- DRAM memory stocks fell over 3% after China’s CXMT unveiled cheaper data-centre memory technology, pressuring AI-linked shares, though sharp declines in Japanese chip stocks suggest much is priced in.
- Energy led S&P sectors amid unconfirmed reports of a strike on Saudi Aramco’s headquarters; Japanese shippers and trading houses rallied, with further gains hinging on confirmation.
DayOne’s USD 20bn IPO Triggers AI Capital Rotation: Short Digital Core REIT
- DayOne Data Centers’ upcoming USD 20bn Nasdaq IPO signals a massive institutional capital rotation into liquid-cooled AI infrastructure, threatening legacy Asian data center REITs.
- Suggest SHORT on Digital Core REIT. Its traditional air-cooled portfolio faces terminal cap-rate expansion and tenant churn as hyperscalers migrate to high-density facilities.
- Monitor short-squeeze risks. Digital Core REIT trades at a steep discount to book value and could aggressively acquire AI-ready assets via its powerful sponsor pipeline.
Singapore Market Roundup (13-Oct-2026): DBS downgrades SGX to ‘hold’ amid slowing growth.
- DBS downgrades SGX to ‘hold’ as growth shows signs of tapering off.
- uSmart upgrades Hong Leong Asia to ‘buy’ following strong 1HFY2026 results.
- uSMART starts ‘buy’ on Toku, setting a target price of 15.1 cents.
John W. Rogers Portfolio: What Ariel Investments Owns Now (2026)
- John W. Rogers Jr. founded Ariel Investments in 1983 and remains the firm’s founder, chairman, co-CEO, and chief investment officer.
- Based in Chicago, Ariel has grown into a global asset manager.
- The firm had $16.3 billion in assets under management as of June 30, 2026, including affiliated advisers and private-fund commitments.
LYNX Up 53% as the 2026 Hedge Fund Performance Spread Widens to 75 Points
- LYNX Bermuda 1.5 gained 13.90 percent in September and now leads HSBC’s hedge fund performance table with a 53.06 percent return for 2026.
- The worst performer, Orgueil Capital Global L/S Equity, lost 14.84 percent in the same month and is down 22.12 percent for the year.
- The gap is 75.18 percentage points, up from 57.24 points four weeks ago , when Quantedge led at plus 42.45 percent and Saba Capital’s carry-neutral tail hedge was last at -14.79 percent.
G&E Dubin Family Foundation Of Highbridge Has $101M Portfolio Across Hedge Funds, Venture Capital an
- The G&E Dubin Family Foundation is a New York-based private foundation associated with billionaire investor Glenn R. Dubin and Eva Andersson Dubin.
- Glenn Dubin is known as a co-founder of Highbridge Capital Management, founder of Engineers Gate, and the principal at a private investment company, Dubin & Co.
- The foundation was established in 2002, and it supports charitable causes through direct grants and other tax-exempt activities.
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