Credit Suisse Asset Management’s Australian resources analyst left on Friday, the seventh departure in seven months from the team which new domestic equities head Steve Giubin is attempting to rebuild.
Kenneth Wan, part of CSAM’s Australian equities team since 2001, resigned after an approach from Chicago-based alternatives manager Citadel Group to manage a long/short Australian equities fund from Hong Kong. Wan’s resources and diversified financials sector responsibilities will be covered by Giubin and Richard Kornman while a replacement is sought. Wan joins a list of analysts to depart CSAM this year which includes James Barrett, Madelyn Hall, Adam Palmer, small cap analysts Matthew Palmer and Steve Atkinson, and previous head of Australian equities Andrew Fleming.
07/08/2007
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Investments
Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.
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