Hedge funds fight for Asia talent by boosting bonuses, training

29th October 2019

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Bei Hu

Bloomberg

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Political unrest pushing fund execs to seek HK exit

29th July 2019

With the prolonged political unrest in Hong Kong becoming more violent and unpredictable, some concerned fund professionals from the territory are looking for opportunities elsewhere, recruitment experts say.

 

Following six weeks of widespread demonstrations, pro-democracy protesters and innocent passers-by were attacked by thugs, suspected of being triad gang members in Hong Kong’s northern district Yuen Long on July 21. Confrontations between police and protesters continued in the suburb and other parts of Hong Kong on Sunday.

 

In response to the violent attacks, Bernard Chan, a top advisor of Hong Kong CEO, Carrie Lam, said the government was unable to offer a “personal assurance” to international companies that their staff were safe as “things are evolving so fast” and polices resources were overstretched.

 

Even though top executives at fund houses in Hong Kong told Ignites Asia earlier this month that the political turmoil had not shaken their businesses at a boardroom level, it appears some individuals in the industry are starting to act on their worries about their safety and the future prospects of the territory.

Two Hong Kong-based fund professionals took new offers for positions based in Singapore last week, just a couple of days after the attacks in Yuen Long, according to Will Tan, Singapore-based managing partner at executive search firm Principle Partners.

 

One of the executives, who is from the mainland, accepted the new job because he feels Singapore is probably better for him and his family. The other was convinced to make the move by his Singapore-based family, who were worried about his safety.

 

For these two candidates, the “last straw” was the indiscriminate attacks at the train station in Yuen Long, Tan says.

 

Many candidates looking for new positions have cited the ongoing political unrest in Hong Kong as “disruptive” to their jobs and say they have concerns about the safety of their families. “You can call it fear, or the constant worry about safety. It’s going to take a toll,” Tan says.

 

One senior executive who lives in Yuen Long and works in Hong Kong’s central business district at an asset management company tells Ignites Asia that he returned home early from work around 3 p.m. on Monday last week for fear of repeated violence against residents in the area.

 

The executive also cancelled his trip to Shanghai on Friday as he was afraid of delays caused by protests at Hong Kong’s airport at the end of last week.

 

While Hong Kong in many respects is still a very safe place to live, the rising political tensions and recent violent skirmishes are “always at the back of your mind”, Tan says. “How do you continue to work if you’re worried about your kid and wife?” he adds.

Selena Li

Ignites Asia

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A Long-Lost Asia Hedge Fund Hub Is Emerging From the Shadows

3rd April 2019

“We’re seeing the re-emergence of Tokyo as a center for Japan-focused funds,” said Dan McNicholas, the global head of capital introductions at Nomura. “The main draw has been the government’s push to encourage boutique asset managers to set up there. Another is funds’ ability to raise money locally to pursue domestic investment opportunities.”

Bei Hu and Komaki Ito

Bloomberg

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Bridging the communication divide across time zones

5th December 2018

Maintaining effective internal communications is often the cornerstone of success for companies. But this can turn complicated for large organisations with offices in multiple geographies.

Wong Wei Han

Ignites Asia

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Can Unlimited Leave give Asia's Fund Execs a Break?

7th March 2018

Unlimited vacation policies have more commonly been associated with technology companies.

Ysrael Dumasig

Ignites Asia

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30+ Bankers Scrambling for each Private Equity Job in Singapore

20th June 2017

Larger players like KKR, Mizuho Asia Partners and Navis Capital Partners are set to hire in Singapore in the second half.

Simon Mortlock

eFinancial Careers

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Headhunters reveal brutal truth of Asian hedge fund hiring in 2017

25th January 2017

This is what you need to know if you're looking for a hedge fund job in Asia in 2017.

Simon Mortlock

eFinancial Careers

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Recruitment in Singapore’s financial services sector is picking up. These are the opportunities Principle Partners has identified

4th September 2019

Financial services firms in Singapore are recruiting again as they put concerns about the global economic outlook to one side.

Principle Partners

eFinancial Careers

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Asia sovereign wealth funds: Lifting the lid on Singapore’s GIC

7th May 2019

In a rare interview, chief executive Lim Chow Kiat explains the investment discipline that underpins one of the world’s most influential and sophisticated funds – and his fears over the impact of a polarized political world on global investment.

Chris Wright

Euromoney

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Singapore offers growing opportunities for financial services and technology talent

25th February 2019

Singapore’s burgeoning fintech sector and growing fund management industry is creating significant opportunities for talents in financial services.

Principle Partners

eFinancial Careers

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Talent Hunting: Missteps and Good Practices

11th July 2018

Human resource managers and recruitment experts say fund firms need to make changes and adopt a shorter and more detailed approach to get to know candidates better.

Ysrael Dumasig

Ignites Asia

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Private banks in Asia see another year of strong growth

22 Feb 2018

Private banks that cater to Asia's wealthy expect another robust year as the region's rapid growth continues to mint new millionaires while appetite for risk remains healthy.

Kevin Lim

Nikkei Asian Review

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Here's How Much Hedge Fund Managers are Paid in Hong Kong

10th April 2017

Top performing portfolio managers get bonuses so big that their salary is almost irrelevant.

Simon Mortlock

eFinancial Careers

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New Territory, New Talent

12th March 2013

Indonesia has become a priority for global and regional PE firms looking to secure deals in a high-growth market.

Andrew Woodman

Incisive Media

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What senior execs can learn from young recruits

7th August 2019

Reverse mentoring, whereby senior professionals seek opportunities to learn from their junior colleagues, could be described as the corporate enactment of teaching old dogs new tricks.

Some believe it is an effective way of ensuring that fresh ideas and new technological approaches can flourish in the traditionally conservative asset management industry.

 

It was in 1999 when Jack Welch, the former CEO of General Electric, first promoted the concept of reverse mentoring, by switching up the usual top-down approach by allowing younger members of the workforce to coach the more senior-level executives about newly introduced technology and manufacturing techniques.

Ultimately, reverse mentoring is a two-way street, according to Will Tan, Singapore-based managing director at recruitment firm Principle Partners.

 

Each generation may have different priorities growing up, but it is from these differences that people can learn more about how to work together, and this in turn could translate to better teamwork and ultimately form a more cohesive team, says Tan.

Ysrael Dumasig

Ignites Asia

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Asia Hedge Fund Firm Offers to Insure First 10% of Losses

29th April 2019

A new entrant to Asia’s hedge fund market is offering to insure investors against the first 10 percent of their losses.

Bei Hu

Bloomberg

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Asia fund execs to get lower bonuses this year: recruiters

6th December 2018

Fund executives in Asia should expect a drop in bonus payouts after a tough second half of 2018, with some firms having already implemented initial cost-cutting measures, recruiters say.

Ysrael Dumasig, Kylie Wong

Ignites Asia

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Firms Hunt for Tech Talent Amid Short Supply in Asia

16th May 2018

New business priorities are throwing up fresh challenges for companies to ensure they have the right people and skills.

Wong Wei Han

Ignites Asia

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China, Alternatives Top of Firms' Hiring Plans in 2018

3rd January 2018

Fintech's incremental changes' impact on asset management companies' hiring plans hasn't been that big.

Ysrael Dumasig

Ignites Asia

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Meet Two Big New Q1 Hires at Singapore Banks

19th March 2017

Singapore banks DBS and UOB have both made significant new hires during the post-bonus recruitment season.

Simon Mortlock

eFinancial Careers

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