Lazard Asset Management is to open its fourth Asian office following the recruitment of Henry Choon as managing director for business development and marketing in Asia ex-Japan.
Choon, who joins from Lehman Brothers Investment Management, will be reporting to Lazard’s Asia Pacific head, Rob Prugue. Prugue, an Australian, relocated this year from Sydney to Japan for several months. Prugue described Choon’s recruitment as a key hire as he was responsible for establishing Lehman’s presence in Hong Kong. The other Lazard offices which report to Prugue, apart from Sydney and Hong Kong, are Seoul and Tokyo.
QIC is gearing up to expand its hedge fund allocation as – together with insurance exposure – the “strong double-digit return” of its liquid alternatives portfolio was a key contributor to the fund’s record $8.9 billion earnings in the 2024 financial year. Chief investment officer Allison Hill explains why global sovereign wealth funds are hot on hedge funds.
Darcy SongOctober 24, 2024