In new statements on the extent of greenwashing in the fund management industry, Desiree Fixler highlights some uncomfortable truths about sustainable investing.
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.
CDPQ's Ivanhoe Cambridge hires ex-GIC real estate expert; NZ Super adds board member; Future Fund appoints chief people officer; BlackRock real estate CIO joins Singapore's Capitaland; AMP Capital hires MD for energy; Northern Trust AM names new CIO; T Rowe Price hires AU and NZ institutional head; Nuveen hires Southeast Asia institutional head; Citi names sustainability head in Singapore; and more
Investors are increasingly turning to private companies and private debt in their hunt for ESG alpha, but the age-old problem of transparency and due diligence remains
Already on the rise pre-Covid, investments into data centre assets in Asia have accelerated in the past year, fuelled by interest from investors across the spectrum.
Actively managed funds were also not found to have better odds of higher returns than more passive funds.