JP
Sector: Hedge funds
Hedge funds are actually starting to hire again
Good news for anyone with an interest in hedge funds: hiring is slowly on its way back as funds start to regain their confidence in the market. Yoshiki Kumazawa, a consultant at Morgan McKinley Tokyo, says the impact of the financial crisis caused many Japanese hedge funds to reduce headcount, with some even closing completely, [...]
Japan lags behind in hiring prime brokers
Asia is seeing increased demand for prime brokers, but Japan could be the odd man out. Hedge fund returns are surging and as a consequence, Asia-Pacific demand for prime brokers is coming back to life. But the PB recruitment is mainly in Hong Kong and Singapore, where most Asian hedge funds are based, rather than [...]
Hope in hedge fund hiring
Sumitomo Trust Finance has just launched a new multi-strategy hedge fund that will invest in Japanese stocks, index options, futures and credit-default swaps. The Tactical Equity Concepts-Japan Fund began on June 29 with 10bn yen of seed money from parent company Sumitomo Trust & Banking Co. This comes on the back of a resurgence in [...]
Will pension injection help hedge fund hiring?
Japan’s Pension Fund Association has increased its investments in hedge funds six-fold over the past 12 months (Bloomberg). With US$2.8bn of its assets now in hedge funds, and with plans afoot to increase that to about US$5bn, has the new pension money given hedge fund hiring a boost? “We certainly think it’s had an impact [...]
Lehman and Bear to draw blood in Asia?
Will the crisis at Bear Stearns, and Lehman’s plan to axe 5% of its global workforce, mean heads will roll in Asia? Lehman is making no formal comment on the plans but it’s understood that while cuts will be made across all businesses in all regions, the majority of the redundancies will bite in the [...]
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