04 February 2015

Analysts needed now at Singapore funds

Analysts needed now at Singapore funds

The hedge fund sector may be a relatively small player within Singaporean financial services, but it still has its unique set of employment challenges. While earlier this decade hedge funds in Singapore were adding traders, now they need more research analysts.

15 January 2015

T Rowe Price, others peer into Virtu's high-frequency world

T Rowe Price, others peer into Virtu's high-frequency world

A group of T. Rowe's traders paid a visit in September to Virtu Financial, a firm known for its technological prowess.

The visit was described by two sources, one from T. Rowe and one from Virtu. Other firms have also made the pilgrimage to the company as investors try to get a handle on what makes the market-making firm tick, a source at Virtu said.

05 January 2015

How Top-Performing Hedge Funds Found Gems and Gamed 'Stupid' Wall Street

How Top-Performing Hedge Funds Found Gems and Gamed 'Stupid' Wall Street

Brett Jefferson told his 5-year-old son this about Wall Street recently: “Never will you find a place Six years after the 2008 debt crisis exposed how clueless the smart people on Wall Street can be, both men are profiting from what could be called the schadenfreude trade -- buying for pennies what big investment banks once flogged for dollars. Their bottom-fishing lifted them into the top five of Bloomberg Markets’ annual ranking of the best-performing hedge funds managing $1 billion or more.

03 January 2015

Asian Hedge Fund Bosses Strike Out on Their Own

Asian Hedge Fund Bosses Strike Out on Their Own

A number of global fund executives struck out on their own in Asia this year, bolstering the profile of the region’s industry and landing them first in line with investors eager to get in with big-name managers.

13 December 2014

Question: Singapore brokers, a sunset industry?

A recent question from a Reuters correspondent posed to me: "Whether Singapore brokers are a sunset industry?". Some extract from my reply:

"The business has definitely declined over the years for SGX market... "

"From my perspective, the issue is mainly the problem with the govt / regulators which started many years ago..."

"...new brokerages... Some of them don't even offer trading in SGX, just US markets, like E*Trade, OptionsXpress and ThinkorSwim..."

"While the brokerage industry business is declining overall, it is not really a sunset yet as evidenced by the new... brokerages. The appetite is still there, but not everyone is able to understand, position themselves and have the ability to do so effectively."

Additional comments:

I did a business & spreadsheet analysis for a potential business deal to buyout a local brokerage a few years back, I have also worked in a pioneering role for an established foreign brokerage setting up operations locally and a business exploration role for an European based brokerage. In short, surviving and prospering in the current industry as a broker is not easy.

08 December 2014

Temasek Agrees to Buy Stake in High-Speed Trader Virtu

Temasek Agrees to Buy Stake in High-Speed Trader Virtu

Temasek Holdings Pte will pay about $180 million for a minority stake in Virtu Financial Inc., the U.S. high-speed trading firm that postponed an initial public offering, according to a person familiar with the transaction.

09 November 2014

Shanghai-Hong Kong Stock Exchange Link Will Start in a Week

Shanghai-Hong Kong Stock Exchange Link Will Start in a Week

Bourses in the two cities will begin trading through the program, which allows a net 23.5 billion yuan ($3.8 billion) a day in cross-border purchases, on Nov. 17, regulators said in a joint statement today after weeks of investor speculation on the start date.