Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
Hsu, who is currently staying in Tokyo, says he plans to continue working in Hong Kong and will disclose his future work plans soon. Due to the terms of his employeeÆs confidentiality agreement, he was not able to explain his departure from Citadel.
Citadel itself did not offer any comment on the staff departures, but it is understood that no replacements for the two exiting men have yet been announced.
In a separate, unrelated move, Feng Hsiung, the head of CitadelÆs Asian risk arbitrage business, has also left the company. He is believed to be joining a rival hedge fund, York Capital. York CapitalÆs headquarters in New York declined to confirm these rumours.
Citadel was founded by Kenneth Griffin in 1990 and now has assets under management of approximately $13 billion. It was recently revealed that CitadelÆs earnings for the first eight months of 2006 at its two largest funds increased fivefold. This was attributed to gains from debt and energy investments, including a boost to profits from the takeover of the portfolio of energy trades from the collapsed hedge fund Amaranth.
Global investors are advised to look selectively at Japanese equities as the country recovers from lockdown and continues to improve corporate governance.
Weekly investor roundup: Sun Life weighs second ESG fund in HK; Korea's NPS reduces domestic equity allocation
Sun Life considers launching second ESG fund in Hong Kong as it banks on the growing theme; NPS lowers exposure to large-cap and other domestic shares; Temasek's Vertex Technology Acquisition Corporation becomes first special purpose acquisition company on the Singapore Exchange; and more
IHS Markit research points to better dividends but a lower payout ratio.
Omicron may have put the bite into the property sector, but commercial property in Asia Pacific is defying the odds in a challenging sector, says a CBRE report.