Finance perspective : Business School Life
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# Finance perspective

Author Message
Director
Joined: 18 Dec 2007
Posts: 983
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Followers: 12

Kudos [?]: 134 [0], given: 10

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27 Mar 2008, 07:36
So , i attended a HKUST alumni event tonight. Quite fortunate, i happen to be in Beijing (on business), and they arranged a celebratory party for their rank in FT (17th) so i was able to join them. One of their professors (specialises in risk management and is an ex-banker) was telling us about the finance job market (in Hong Kong). His basic forecast is that employment in CDOs will be hit and there will be cuts, but he also believes that PE will generally be untouched.

Among the Alumni was the VP of the strategy planning of an IB, (Beijing branch), and he was collecting up a lot of this years HKUST intakes business cards as he was getting ready to prepare for internships for next year. credit crunch has had no impact in their internship hunt in China.

Finally the other interesting thing is the student run funds, they were explaining how they were trying to set it up and probably try to emulate the Darden model. The money is provided by alumni sponsors, is overseen by the alumni, but run by the students. They prefer to have a mix of students who have managed funds before and students who have a high interest in this area. The alumni will review the investment policies the students create before giving a green light.

Anyhow, im not interested in going into finance, so the details here is only what i could understand (most of the talk was done in Mandarin and I don`t really understand it so much)
VP
Joined: 09 Jan 2007
Posts: 1045
Location: New York, NY
Schools: Chicago Booth Class of 2010
Followers: 10

Kudos [?]: 161 [0], given: 3

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09 Apr 2008, 13:44
In London things a pretty ugly from what I've heard...

Some Hedge Funds are going down, and also some PE's and small IM firms really getting hard times.

Yesterday I went to a presentation of a Economist from Calyon (Group Credit Agricole) and he is VERY VERY pessimistic, he said that we may see 4Q of recession in USA. I'd be skeptical, but last year in may I saw the same guy's presentation and he called the scenario we are all seeing right now, I can send his name through a PM.

I'm really bearish (and so is my bank) and we keep buying Treasuries on dips (I'm an Fixed Income and Credit Trader ). This year so far has been really good for us, but it's sad because it's good because the market is a mess and we've been pessimistic. The problem is that the volatility is SO HIGH that even with small exposures the return (or the damage) is VERY HIGH.

Nick_sun sent me an article with changes at the HSMP program in UK, let me find it and I post it later if he doesn't.
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Re: Finance perspective   [#permalink] 09 Apr 2008, 13:44
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