There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
Incumbents in the prime broking department, James Shipton, handling consultancy, and Jig Patel, dealing with client infrastructure and clearing, have just been invited to join the elite Goldman Sachs managing directorsÆ watering hole.
Will Gadsden, an executive director in non-Japan Asia prime broking sales, has resigned from Goldman Sachs and is understood to have returned to the US.
Shipton and Patel have been joined in Hong Kong by Shane Bolton, a managing director from Goldman Sachs in London who will be fulfilling a role broader than that of orthodox sales, which reflects the more diverse demands that Asian hedge funds place prime brokers nowadays.
Shipton and Patel are overseen by Shane Bolton, who in turn reports to Fred Towfigh. The fifth prime broking managing director is Ian Smith on the trading side. So, if youÆre a prime broking hedge fund client visiting Goldman Sachs, youÆre now probably getting more managing directors per square metre than in any other Hong Kong-based prime broker.
ThatÆs just prime broking; but if youÆve got banking brainwaves in your cheesebox, then Goldman might still discreetly swallow you up and dish out a coveted managing directorship.
For example, in an off-media 2007 Goldman Sachs hiring, one of Hong KongÆs top credit management supremos, Drake Pike, was poached from Lehman Brothers. Yale polyglot, and Sting-lookalike Pike was duly given his Goldman MD-ship and promptly dispatched to Beijing. There he became the chief risk management adviser to ICBC, leaving Hong Kong with his record of never having won the Maclehose Trailwalker left miraculously intact.
Of course hyper-talent doesnÆt come cheap, but with deals like ICBC raking in the multi-billions, Goldman Sachs can afford to deepen its bench.
Investors can still find spread premiums in niche private debt, with the asset class's prognosis looking strong, said a keynote speaker at AsianInvestor’s latest summit on Wednesday.
AsianInvestor details the second part of our marquee award winners for 2021, which includes the standout ESG adviser and also the asset manager of the year.
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.