The traditional asset management industry in Hong Kong and Singapore is beginning to cannibalize itself as many talented portfolio managers leave to start up hedge funds. The latest victims are Baring Asset Management and Invesco.
Barings has suffered a wave of resignations, losing four fund managers this year, three of whom left to start their own hedge funds. James Squire left before summer to join investor Andrew Ballingal start a new hedge fund which has just begun trading.
Then last month Sam Lau and Billy Chen quit to start their own hedge fund company in Hong Kong, Acru Asset Management. In addition, Ernie Tam departed to...
