Business · Markets · 3 hrs ago

Taiwan Fund Managers Leave Jobs to Trade Stocks for Themselves

Taiwan Fund Managers Leave Jobs to Trade Stocks for Themselves

Some Taiwan fund managers and analysts are leaving traditional investment firms to trade with their own money.

Local rules bar fund managers from owning individual stocks in personal accounts, and workplace checks can add further limits.

Taiwan’s benchmark stock index has risen 62% this year, making it the best-performing major stock gauge and intensifying fears of missing out.

Some leavers are joining less-regulated trading firms, where personal trading is freer and profit-sharing can offer higher bonuses.

Traditional investment firms are finding it harder to hire experienced staff, while Taiwan fund managers typically earn less than counterparts in Hong Kong.

The shift is changing where finance professionals work as the market boom continues, though no specific next steps are stated.

1 source

Related

What people are saying

Huang Wen-chingChief strategy officer at Taishin Securities Investment Advisory
The trend is impossible to ignore
via Mint
Private investment firms are springing up everywhere, and the pools of capital they command are getting bigger and bigger.
via Mint
Ken TsaiFund manager who moved to a private investment firm
People who were free to buy the stock ended up making more money than I did.
via Mint