Tuesday, 29 July 2014
Last updated 7 hours ago
Oct 15 2010 | 12:17pm ET
For its new chief operating officer, hedge fund Richland Capital Management went prime.
The Hong Kong-based hedge fund has hired Elena Lau, formerly a prime brokerage executive at Bank of America Merrill Lynch, to head its operations. Lau worked for five years at BofA, where she was a vice president, after previous stints at Goldman Sachs and JPMorgan Chase.
Richland didn’t raid its own prime brokerage to fill its COO post; the firm is serviced by UBS.
“After spending 14 years servicing hedge funds, I’m delighted to go to the buy-side,” Lau told Asian Investor.
She’s not the only new hire at Richland. The hedge fund has added Alden Chung and Wing Shek Lau from Apex Capital Management. Chung is a portfolio manager and handled event-driven and equity long/short strategies at Apex, while Lau was a trader.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…