Thursday, 24 July 2014
Last updated 16 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.
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…