Wednesday, 1 October 2014
Last updated 14 hours ago
Jan 31 2014 | 12:17pm ET
Following a hiring spree in 2012, Segantii Capital Management is suffering something of a staff exodus.
The firm, which parted ways with six employees last year, has seen another five staff members turn in their resignations, Reuters reports. Capital markets and event-driven chief Fei Chen left the Hong Kong-based firm earlier this month. Financing chief Kirtes Bharti and convertible bond and volatility trader Lewis Fellas will leave next month.
Derek Tam, a relative-value portfolio manager, and Patrick Ko, who headed Segantii's back-office operations, have also resigned.
Segantii hired at least 10 people in 2012—when its assets more than doubled. Among those added that year were Bharti and Fellas.
But the US$750 million firm suffered its first-ever down year in 2013. Since its inception in 2007, Hong Kong regulators have issued 41 staff licenses to Segantii; the firm currently has only 18 license holders.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...