Choo Heung Sik, CIO at Korea Investment Corporation, says continued references to the fund's failed $2bn stake are blind to its progress since. He outlines big alternatives plans and structural changes.
The former Merrill Lynch prime broker has joined the UK bank in Hong Kong as a managing director.
Meanwhile, a net number of investors are overweight Japan for the first time in 19 months, while Europe suffers a further sell-off, according to Bank of America Merrill Lynch's March survey.
Gabriel Butler moves from ITG to strengthen the US bank's electronic platform in Hong Kong.
Stephen Corry replaces Tony Stanton as Asia chief investment officer of Merrill's wealth arm, while Wilson So joins as head of North Asia global wealth management advisory.
The CIO of the Korea Investment Corporation explains why the Merrill Lynch deal will work out, as well as his views on hedge fund fees and other topics.