HK
Tag: Hedge Fund
Daily Dispatches: 2012 kicks off with promotions and new jobs for some of Asia’s brightest
Banking stars with China expertise are much loved even if there’s a huge amount of cost consciousness now. Here’s a look at where some of Asia’s top banking stars moved to over the past year. (The Wall Street Journal) Stephen Barker, formerly from MF Global, starts this week at Credit Suisse as an equities analyst [...]
Daily Dispatches: Goldmans’ profits are down 75 per cent, so why is compensation only down 25 per cent?
“So to repeat. Goldman lost money in the third quarter. It has fewer workers than the same time a year ago because times are tough. But it still found it necessary to allocate a higher portion of revenue for compensation? Come on!” (CNN) New revelations emerge that the managers of the alleged UBS rogue trader [...]
The Hedgie: The first thing I noticed when I joined a Hong Kong hedge fund was that there wasn’t a water cooler
Our man inside a Hong Kong hedge fund returns with his second blog. If you haven’t read his first one click here. Working for a hedge fund, I always face a lot of funny questions: What is hedge fund? Are they loan sharks? Are they cheating or investing? High risk, high return: are hedge funds [...]
Daily Dispatches: BlackBerry blackout
Research In Motion scrambled to restore service to millions of BlackBerry users around the world Wednesday as the company’s worst-ever outage vexed office workers, government officials, emergency responders and others who rely on the messaging device. (Business Week) Just what is S.1619 trying to achieve? Strip out the legalese and righteous indignation from the US [...]
A survival kit for woman starting out in investment banking
Young girls who’ve achieved the best grades from the highest-rated universities are walking into jobs in all the top-tier banks and corporates. They are attracted by work that is challenging and prestigious and that holds the promise of generous rewards. They aren’t afraid of the long hours, of the numerous statistics that prove women are [...]
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 [...]
Daily Dispatches: “Thanks for the downgrade. You should all be fired.”
Peeved over the US downgrade, this banker hires a plane to fly over Wall Street with a very angry message. (The Sydney Morning Herald) Bank of America’s CEO says he won’t step down and no, Merrill Lynch isn’t for sale. (Bloomberg) Commonwealth Bank posts 22 per cent jump in Q2 profits. (Bloomberg) Global hedge fund [...]
Daily Dispatches: UBS to slash jobs after profit plunges
Profits at UBS plunges 49 per cent and job cuts are certain. Deutsche Bank also reports earnings that are lower than expected.(New York Times) Hedge fund managers in Asia aren’t panicking over the US debt-ceiling, yet. “If it doesn’t happen, probably the world will go on as before, only debt will be more expensive and [...]
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