Welcome to HK Hedge! The Preeminent Free Resource For Expanding Your Finance Knowledge

The sole purpose of this blog is to provide those interested in self-education with the resources necessary to improve their business knowledge. Free resources from bulge bracket banks, universities, and international think-tanks are made available in one convenient place.

Saturday, June 8, 2013

Recent Updates

Recent Updates to the website:

  • A new section focusing on BRICS (Brazil, Russia, India, China, South Africa)
  • A new section including videos of interviews with top bankers, institutional investors and economic analysts
  • June investment outlook from Bill Gross added to Institutional Investors section
*Please comment with any country, asset class, investor or investment style you would like to learn more about.

Wednesday, June 13, 2012

Biographies I

Biographies I is the first installment of PowerPoint presentations created by HK Hedge to provide a brief introduction to the most influential people in Finance. The slides focus on Hedge Fund Managers, Private Equity Titans, Bankers, Executives, Government Officials, and Tech CEOs. They are designed to give insight into the path the person took to become successful (school, past job experience, etc.). The slides are by no means a complete briefing of these highly accomplished individuals and suggestions for further reading and research is provided at the end of this post.

Biographies 1

Included in Biographies I

Daniel Och, CEO, Och-Ziff Capital Management
Kathleen Hughes, Co-Head Cash Distribution, Goldman Sachs Asset Management
Steve Schwarzman, Co-Founder, Blackstone Group
Kenneth Moelis, Founder, Moelis & Co.
Tim Cook, CEO, Apple
Lou Jiwei, CEO, China Investment Corp.
Anshu Jain, Co-CEO, Deutsche Bank

Saturday, April 7, 2012

JPM Latest Big Bank to Shakeup Asian Leadership

J.P. Morgan's Asia CEO Gaby Abdelnour has announced he is leaving the bank this summer after 14 years. Abdelnour has been head of Asia for JPM for the past six years. Under his leadership, the bank's Asia unit has tripled net earnings. This move comes after Goldman Sachs, Deutsche Bank, and Bank of America have all made changes to the top of their leadership in Asia. In an interview with the Wall Street Journal, Abdelnour discussed his long term approach to joint ventures in China, the gap between China's economic development and its political development, and the future of investment banking bonuses. "You cannot represent Asia through soundbites," he says when explaining the nuances of doing business in Asia, where his unit has operations in 15 countries and must understand up to nine different cultures. More quotes from the interview:

On China:
"If there is one thing I'm impressed by, its how the Chinese manage its country and its economy."

On investment banking bonuses:
"There is no unit that can reinvent itself better than the investment banking industry."

Video: WSJ Video: Gaby Abdelnour

2012 Asia Leadership Changes:
Michael Cho, co-head of Bank of America's Asia M&A team since 2009, was laid off in January 2012. Also in January, Goldman Sachs named James Paradise and Eiji Ueda co-heads of the firm’s securities division in Asia. Paradise and Ueda will move to the banks office in Hong Kong. This position had been filled Yusuf  Alireza, who recently left the bank after 19 years. Deutsche Bank announced in March that Gunit Chadha  and Alan Cloete will be co-CEO's of their Asia Pacific unit. Chadha will begin in Mumbai but ultimately move to Singapore and Cloete will sit in the banks Hong Kong office. These moves come as American banks have been rapidly expanding their Asian operations in recent years.

Further Reading:
BoA M&A co-head leaves Bank [WSJ]
New co-CEOs of Deutsche Bank Asia Pacific [The Hindu]
J.P. Morgan's Asia head quits [FT]
GS Appoints Paradise, Ueda to Run Securities in Asia [Bloomberg]

Power Profile: Anshu Jain

Position: Co-CEO Deutsche Bank

Location: London

            • Bachelors Degree, University of New Delhi 1983
            • MBA in Finance, University of Massachusetts Amherst

                                Professional Background:

Anshu Jain began his career as a derivatives research analyst at Kidder, Peabody & Co. in 1985. in 1988 he founded the industry's first true hedge fund coverage group at Merrill Lynch. Jain joined Deutsche Bank in a similar role in 1995 as he established a unit focused on hedge funds and institutional derivatives coverage. In 2004 Jain became CEO of DB's Corporate Investment Bank. In July 2011 it was announced Jain would become Co-CEO and a successor to Josef Ackermann who is leaving the bank next month.

Jain has been the highest earner in the bank earning €10 million in 2011 and €11.9 million in 2010.

More on Anshu Jain:

Tuesday, February 14, 2012

Power Profile: Jing Ulrich, J.P. Morgan

Source: Wikipedia
Position: Jing Ulrich is a Managing Director and Chairman of global markets, China for J.P. Morgan

Location: Hong Kong

Education: Jing has received a bachelors from Harvard University and a Masters Degree from Stanford University

Professional Background:
Before joining J.P. Morgan, Jing was a Managing Director of Greater China equities at Deutsche Bank. Jing has been referred to as J.P. Morgan's ambassador to China. She is responsible for the bank's Hands on China series.


2006: South China Morning Post: Hong Kong's Young Achiever of the Year
2008-2011: 50 Most Powerful Global Businesswomen, Forbes Magazine
2008: 100 Most Powerful Women in the World, Forbes Magazine
2011: Top 20 Women in Finance, Finance Asia Magazine

J.P. Morgan Investment Bank: Hands on China
Jing Ulrich's Wikipedia Page
Forbe's Most Powerful 100 Women: Jing Ulrich

Wednesday, February 8, 2012

Power Profile: Helen Zhu, Goldman Sachs

Position: Helen is the chief China equity strategist within the Global Economics, Commodities and Strategy Research Department.

Location: Central, Hong Kong

Education: Bachelors degree in electrical engineering and computer science at the Massachusetts Institute of Technology

Professional Background: 
Helen began her career in investment banking with Donaldson Lufkin & Jenrette in their New York and Hong Kong offices. Prior to joining Goldman Sachs in 2006, Helen was a director of telecom research at ABN AMRO. She began at Goldman covering China as well as Asian telecom stocks. In 2008, she was named a Managing Director.

Helen was named the top technology, media & telecom (TMT) analyst in the Institutional Investor's 2010 All-China Research Team. News Release [Institutional Investor]

In the News:
February 6th, 2012: GS Raises Forecast for Chinese Stocks in Hong Kong After Rally [Bloomberg]

“Valuation is low, we have passed the bulk of earnings cut and positioning is still light enough that many investors still have a ‘buy on dips’ mentality,” Zhu said in the report. 

A View From Asia: Helen Zhu
  • From the Goldman Sachs website, these are three videos in which Helen Zhu discusses China's economy and the new 5 year plan, social housing in China, and China's investors.
China's CSI 300 May Rise 30% in 2012, Goldman Says [Bloomberg]
  • Helen Zhu speaking with Susan Li on Bloomberg Television's "First Up."