Invesco loses CIO to start up

CIO joins ex-Goldman MD to launch hedge fund.

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 a senior figure However, its investment team has suffered...

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