Segantii Capital Management, one of Asia’s fastest growing hedge funds, has recently been hit by a number of resignations following two consecutive years of underperformance.
Reuters reported that five key employees have left the Hong Kong-based firm in the last few weeks, following at least six departures last year.
Departures include capital markets and event-driven portfolio manager Fei Chen, who left Segantii earlier this month after nearly five years and head of financing Kirtes Bharti.
The article added that Derek Tam, who helped manage relative value strategy, has resigned along with Patrick Ko, who runs the firm's middle office operations.
Segantii, which lost 1.7% last year in its first annual loss, has grown to manage about $750 from just $25 million in 2007. The firm was founded by former head of Asian equity trading for HSBC Securities Simon Sadler.