Another traditional fund manager is leaving a stable job for the high-flying life of hedge funds. Alfred Ho is quitting as Hong Kong CIO at Invesco in Hong Kong to join ex-Goldman Sachs managing director and equities financing head James Sheridan to launch a hedge fund.
One source says Ho is taking two other Invesco investment pros with him, but declined to name them. This could not be verified another source reports no further resignations at the firm. As CIO, Ho oversees $3 billion out of the firm's $14 billion invested in Asia, Japan and Australia.
Invesco is a very process-oriented firm that can weather the departure of...
