HK
Sector: Hedge funds
Candidate Blog: In this awful employment market it now seems that only Chinese hedge funds can offer career salvation
Until recently I had hardly heard of anyone getting an employment contract from a hedge fund, let alone a China-focused one, but all of a sudden many people around me in Hong Kong are making the move. An ex-colleague in the market data industry was approached by a recruitment agency and landed a job in [...]
Daily Dispatches: Ex-Merrills commodities boss starts hedge fund
Diego Parrilla, former head of Asian commodities at Bank of America Merrill Lynch, has set up a hedge fund in Singapore and will start trading in the fourth quarter. (Bloomberg) Credit Suisse Group said Wednesday it has made 11 appointments across equities, fixed income and the investment banking departments in India. (Finance Asia) Hays in [...]
Expect some very generous payouts when Citi Asia fattens up its prime broking team
Citigroup’s recent announcement that it is shopping for prime brokers in Asia may seem a little surprising coming in Q3 where hiring is traditionally muted. The bank announced last week that it will raise headcount by 20 per cent to 80 this year in hopes of getting a larger slice of the Asian hedge fund [...]
Two huge reasons why moving from prop trading to hedge funds makes sense
We’ve all heard how former Goldman Sachs prop trader Morgan Sze left the firm to start up Azentus Capital Management, a Hong Kong based hedged fund, earlier this year. More recently, another prop trader has done the same. Benjamin Fuchs, who previously headed a prop trading desk at Nomura, is starting a new hedge fund, [...]
What’s next for laid-off staff at Mizuho Securities in Singapore?
Redundancy by any other name is just as ugly. Thirteen staff from Mizuho Securities’ Singapore prime brokerage business lost their jobs after the loss-making unit was shut down earlier this month. So what’s next for these redundant staff, some of whom were ex-Lehman Brothers? Recruiters we spoke to weren’t overly optimistic, giving measured responses on [...]
The Returnee: The four best backgrounds to have if you want a buy-side job in China
Want to break into the buy side in China? If you have one of these four backgrounds, I think you’re most likely to succeed. Investment banking If hedge funds and private equity firms can’t poach from competitors, candidates with an investment banking background are the first substitutes. Job responsibilities such as modelling, pitching to clients, [...]
Start-ups spark jobs growth in Hong Kong hedge fund sector
New hedge funds in Hong Kong, rather than established ones, are expected to generate most of the vacancies in the sector this year. “We saw more players coming from the UK and US in 2010. This isn’t slowing down, it’s an upward trend,” says Christina Ng, manager, financial services, Robert Walters. Of course, these being [...]
Dispatches: Asian hedge fund managers are missing out
Asian hedge fund managers are missing out on the cash flooding into the world’s fastest- growing region, leading some to close funds or defer new offerings. (Bloomberg) China’s securities regulator will review on Friday the proposals by China Construction Bank and Bank of China to sell new shares to their shareholders, the China Securities Regulatory [...]
Dispatches: Why it’s hard to get holidays in China
Liu Chao had been looking forward to traveling during the National Day holidays for a long time. Yet she had to turn down a friend’s request to go to Shanghai together because her company had arranged for her to meet customers in Beijing during the week-long holidays. Just like many other 30-year-olds, Liu stayed on [...]
Are you a banker searching for a hedge fund job? You might want to give up
There are flickers of new growth in Singapore’s hedge fund sector, but recruitment rates remain fairly low and the industry is almost impenetrable for investment bankers in search of a career change. Hedge fund startups in the city state are on the rise after the Monetary Authority of Singapore approved new rules that don’t impose [...]
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