Employees Fleeing Segantii

Jan 31 2014 | 1:17pm 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.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...