Hong Kong police arrested a 26-year-old investment manager at Chief Securities for allegedly making unauthorized investments, causing an estimated HK$150 million (US$19.1 million) loss. The suspect, who worked as a trader for six months, was arrested Monday after audits revealed suspicious activity between January 9 and Monday.
A survey by a New York-based institute found 71% of Hong Kong graduates are highly optimistic about their career prospects, significantly above the global average of 59%. Graduates view Hong Kong's finance sector positively and are proactively using AI in job applications.
Guardian readers can enter the Winton British Solving Championship, a free competition for UK residents. The first stage involves solving a chess puzzle, with deadlines of 31 July 2026. Top players advance to a final at Harrow school in February 2027.
Mikel Arteta's appointment as Arsenal manager in 2019 was a gamble, but backed by significant investment from the Kroenke family and his own determination, he has overseen a rebuild. Despite early struggles and player departures, Arsenal's trajectory has improved, culminating in major signings in 2023.
Ohio investment manager Rathnakishore Giri, 31, was sentenced to nine years in prison for a $10 million cryptocurrency Ponzi scheme. He defrauded investors with false promises of Bitcoin trading returns, using new funds to pay earlier participants and continuing the fraud while awaiting sentencing.
Kashyap Javeri of Emkay Investment Managers advises investors to see market corrections as opportunities, not warnings. He highlights specific sectors like auto ancillaries, capital goods, private banks, and pharma (CDMO) for investment, while cautioning on infrastructure and preferring power equipment suppliers over utilities.
Rakesh Vyas, CIO of Quest Investment Managers, is using market volatility to selectively buy smallcap stocks after a 4-6 quarter correction, seeing them as beneficiaries of government consumption stimulus. He prefers smallcap banks over largecap for superior growth rates, with financials at 20-25% of portfolio. Consumer discretionary is his top bet at 25-30%, covering apparel, food delivery, hotels, and auto. Vyas remains underweight on IT services but favors product companies like Oracle Financial Services. Power remains a long-term 3-5 year conviction. He sees interest rates as likely bottomed, trim
