Bigger isn’t always better when it comes to member services. Megafunds might be able to mass customise, but when you’ve got two million members it’s tough to bring the personal touch.
The famous and closely watched US endowment model took a hit in FY23, with smaller, equity-heavy investors taking the lead. But the longer-term superiority of a chunkier exposure to alternatives remains unchallenged.
New recruiter hits Shanghai
Alexander Hughes, the Paris-based global recruitment firm specializing in financial services, has opened a Shanghai office.
The office, which is being overseen from Alexander Hughes’ established Hong Kong business, is being established by the firm’s Asia Pacific head of research, Shirley Zu.
Zu is a PRC national, born and educated in China, with work experience also in Australia, where she is completing a part-time MBA.Â
She reports to Jim Crowe in Hong Kong. He is the managing partner, Greater China, who will split his time between Hong Kong and Shanghai.Â
