Banks and hedge funds fight for macro traders in Hong Kong

Posted by PSR_AXP 54 days ago
Hedge funds and investment banks are fighting over top trading talent in Hong Kong after a strong year for macro desks.
Volatility has meant big returns for some funds while investment banks are looking to beef up their trading operations in fixed income commodities and currencies (FICC) as they look for growth as their corporate finance businesses underperform.
Huatai Financial Holdings is building a macro distribution team in Hong Kong under Kurt Zhang who is head of the FICC sales team, according to traders. 

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