AsiaMarket

Jefferies Expands Asian Trading Footprint by Hiring Two Senior Traders from CLSA

1 day ago

In a bold move to enhance its market positioning in Asia, Jefferies Financial Group has successfully recruited two senior traders from CLSA, a well-known investment group based in Asia. This strategic acquisition is aimed at bolstering Jefferies' trading capabilities and expanding its influence in the rapidly evolving Asian financial markets.

Millennium Capital Management's Modular Hedge Fund Spreads Its Wings to Hong Kong

1 month ago

In a bold move set to reshape the financial landscape, Millennium Capital Management has announced the expansion of its spinoff hedge fund, Modular, into Hong Kong. This significant development comes as the global financial markets continue to recover and adapt to a post-pandemic environment, showcasing a renewed interest in investment opportunities within the Asia-Pacific region.

Citigroup Grapples with Fallout from Trader Terminations Across Asia

3 months ago

In a move that has sent ripples throughout its operations in Asia, Citigroup is still reeling from the consequences of terminating several traders in key financial hubs, including Hong Kong, Singapore, and Tokyo. The dismissals, which took place over two years ago, have continued to affect the bank's reputation and its competitive standing in a fiercely contested marketplace.

Blackstone's Veteran Leader Steps Down: Eugene Chee Retires After an Illustrious 15-Year Career

4 months ago

In a surprising announcement that has captured the attention of the global financial community, Eugene Chee, a prominent figure in Blackstone's Asia Tac Opps group, has declared his retirement. After a remarkable 15-year journey with the investment giant, Chee is stepping down, leaving behind a legacy of strategic growth and innovation in private equity and tactical opportunities throughout Asia.

China Unleashes Economic Stimulus as Global Economy Falters

5 months ago

China has decided to adopt comprehensive economic stimulus measures in a development set to have wide ramifications on the world economy. This was announced on September 28th, 2024, in order to prop up the stumbling economy amidst growing concern over a worldwide downturn.