Latest news with #Xiong
Business Times
16 hours ago
- Business
- Business Times
Singapore hedge fund Arrowpoint capitalised on May market turmoil
[HONG KONG] Singapore's multi-strategy hedge fund Arrowpoint Investment Partners has made gains by exploiting market dislocations triggered by global trade tariff shocks and sees more arbitrage opportunities ahead, its chief investment officer said. Since mid-April, the US$1.1 billion fund has capitalised on extreme dislocations in equities, currencies and bond curves, founder and CIO Jonathan Xiong told Reuters. May was the fund's best month since its launch last July, up more than 3 per cent, said a person familiar with the matter who declined to be identified. By comparison, multi-strategy hedge funds were on average flat in April, data from With Intelligence shows. Backed by Blackstone, the Canada Pension Plan Investment Board and Temasek's Seviora, Arrowpoint was Asia's largest hedge fund startup last year. It now has around 110 staff with over 20 trading pods. 'Everything has got more volatile, but there are also opportunities that were so abundantly clear,' said Xiong, a former Asia co-CEO of Millennium Management. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Arrowpoint exploited dislocations in Asia FX markets using non-deliverable forwards and profited from Australian rate curve anomalies following US President Donald Trump tariff announcements, Xiong said. It was able to take advantage of temporary mispricing in asset prices, betting they would eventually revert to normal levels. 'One thing I noticed is that Asia dislocations take much longer to come back as the market is less liquid compared to the US,' Xiong said. Arrowpoint, however, stayed clear of Japan's rate markets, where super-long bond yields were driven to record highs in May. 'The risk premium injected towards the longer end of the Japan curve may be warranted given investors' repricing of global bond term premiums,' he said. At the Sohn Hong Kong Investment Leaders Conference on May 30, Xiong pitched a long China/short Japan 'risk parity' trade, which involves buying China stock index futures and five-year government bonds, while shorting similar Japanese assets. He said investor interest in Asia-based multi-strategy funds is rising as there's growing concern about over-exposure to US markets. REUTERS
Yahoo
4 days ago
- General
- Yahoo
Appleton Police Department looking for missing man, last seen on May 28
APPLETON, Wis. (WFRV) – The Appleton Police Department is asking for the public's help in finding a missing man who was last seen on Wednesday, May 28. Officers say that Donovan Xiong was last seen in the 900 block of North Bay Ridge Road in Appleton around 2 p.m. on Wednesday. Xiong was last seen wearing a green T-shirt, jeans, black shoes, and possibly a jacket. Packers honor Wisconsin law enforcement officers with Protect & Serve Award Officers noted that it is out of character for Xiong to be out of contact with family and that he does not drive a vehicle. Anyone with relevant information on Donovan's whereabouts is asked to contact the Appleton Police Department at (920) 832-5500. No other details were provided. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
South China Morning Post
24-05-2025
- Health
- South China Morning Post
China therapist collects waste on side, earns more than in clinical position
A therapist in China who works on the side at a waste recycling station and earns more than she does in her main job has trended on social media. The 26-year-old, surnamed Xiong, works full-time at the rehabilitation department of a small private hospital in Chengdu, Sichuan province, southwestern China. She has attracted much attention online by sharing her daily life working with recyclables, the Xiaoxiang Morning Herald reported. Xiong's day at the hospital starts at 8am and ends at 5.30pm. When Xiong's day finishes at the clinic, left, she heads straight for a physically demanding shift at the recycling yard. Photo: Weibo After getting off work, she goes directly to the nearby waste recycling station.
Yahoo
22-05-2025
- Business
- Yahoo
Some Rochester bus services lapsing amid driver shortage
May 21—ROCHESTER — A shortage of bus drivers has led to lapses in Rochester Public Transit, and riders are being encouraged to watch for potential schedule changes daily. "We totally recognize this is a concern, and we fully understand this affects the trust in our system, but it is just a momentary lapse in time while we fill positions," Rochester Director of Transit and Parking Ia Xiong said of missed stops and schedule changes seen in recent weeks. The driver shortage has led Transdev, the company contracted for daily Rochester Public Transportation operations, to pull buses off certain routes at times, extending periods between stops. Transdev, an international company that touts itself as the largest private operator of public transportation in the United States, didn't return a request for comment, but Xiong said city staff have been working closely to monitor the situation and push for solutions amid driver shortages. "We try to pick routes with the least ridership," Xiong said, noting backup drivers or supervisors are sought to put the buses on the road before a schedule change is made. Local 1005 of the Amalgamated Transit Worker Union representative Adam Buzbee said the lack of drivers has resulted in 20 or more buses being sidelined on three different days, largely reducing service for southeast and southwest routes. Xiong said the missed service is unfortunate, but some of the southern Rochester areas with lapsed service have access to Rochester Public Transit's trial RTP Go service, which is providing on-demand transit service at the same cost of a bus ride. While that provides limited support, she said efforts are being made to increase RPT staffing. "They're streamlining the hiring and training process as quickly as they can," she said, adding that the company is holding job fairs to increase recruitment. "They brought in trainers from the Twin Cities to help over the weekends to accelerate the process." The approach will take time, however. "These drivers need (commercial driver's licenses), so they need to undergo training and get testing and that takes time before they can be put on the route," she said. Buzbee said Transdev has access to drivers that could keep more buses on the road, but local management changes have reduced their willingness to pick up overtime. "This is due to drivers not wanting to work overtime in a toxic environment and micromanaging," he recently told the Rochester City Council. Council members and Mayor Kim Norton have reported a mix of complaints about the transit service from riders, with several of the elected officials reporting routine calls from union representatives. "I have heard other concerns about reliability and management-driver relations," Council President Randy Schubring said. "From my perspective, I want to make sure that we are communicating directly and firmly with our contractor our expectations for reliability as well as our city values of customer service, rider-driver respect and safety." Adri Gomez, a union member, pointed to driver concerns during Monday's council meeting, stating another driver quit last week due to concerns about treatment by managers after an incident involving his bus reportedly being struck by a private vehicle. "We have to get back to working together to get the routes covered," she told the council. Buzbee, who said he was fired as an RPT driver in March, said the union has filed grievances and an unfair labor practices claim, but Xiong said those issues are between the employees and the private company. Xiong said some system changes are being considered to provide more reliability in the system as the driver shortages are addressed, but changes will take time to implement. "We want to make our system reliable, but in the meantime, there will continue to be some lapse in this as they continue to fill in for their driver shortages," she said. Until then, she said city staff is doing its best to keep riders informed when changes occur. "What we are recommending is riders check the Transit app," she said of the smartphone application introduced locally last year. "That's the most up-to-date and reliable." The app, along with daily route updates, are available online at .
Yahoo
20-05-2025
- Yahoo
Charge: DNA links St. Paul man to 2013 rape at Maplewood motel
A 59-year-old man charged in January with raping a 71-year-old St. Paul woman he met on Facebook is now accused of committing a 2013 sexual assault at a Maplewood motel. Thao Xiong's DNA came back as a match through an initiative to analyze a backlog of untested sexual assault kits, according to a Ramsey County District Court criminal complaint charging him Friday by warrant with felony first-degree criminal sexual conduct. Xiong remained out of custody on Monday. He was released from jail on March 21 after posting a $50,000 bond in the January case that also charges him with first-degree criminal sexual conduct. Xiong allegedly committed that offense while on probation for a 2020 first-degree criminal sexual conduct conviction involving a 41-year-old woman during a night of drinking at his St. Paul apartment in July 2019. According to the Friday's criminal complaint: A woman reported to police on July 15, 2013, that she had just been forcibly sexually assaulted at a motel off U.S. 61 in Maplewood by a man she knew as 'Chue Lee,' identified in November 2020 through a DNA match as Xiong. The woman said she had been talking with 'Chue' for two days over the phone, that she did not know him previously and had assumed he got her number from someone she knew. She said he called her on July 15 and said he was coming to Minnesota from Wisconsin and wanted her to show him around. They also planned to go for a walk by a lake. She met Xiong in the parking lot of a St. Paul grocery store, where he suggested they take one car and offered to drive. She agreed and got into his car. He drove past the lake, telling her they were going to get something to eat first. Rather than going to a restaurant, he brought her to the motel, saying he wanted to get some rest before eating. Xiong rented the room and once inside began 'ripping her clothes apart,' the complaint says. She said he 'overpowered' her and raped her. She went to a hospital for a sexual assault examination the same day. A nurse examiner noted bruising to the woman's body and she complained about areas where she said Xiong had bitten her. She told the nurse the assault began immediately after they got into the motel room and Xiong locked the door. After the assault, she said, Xiong appeared scared, so she got in his car. Xiong dropped her off and about 15 minutes later he called her and left a 'cruel message,' which she later provided to police. The complaint says motel video shows Xiong arriving with the woman in a gray Toyota Prius just after 5 p.m. He went into the motel office and then moved the car in front of a room. The two entered the room at 5:15 p.m. and left 45 minutes later. An investigator in late July 2020 discovered the sexual assault kit, which had not been tested. It was brought to the Minnesota Bureau of Criminal Apprehension and four months later an unidentified male DNA profile taken from swabs of the woman was entered into the state's DNA databases and the National DNA Index System. The BCA notified St. Paul police on Nov. 4, 2020, that Xiong's DNA, obtained from his 2019 sexual assault case, matched the DNA in the 2013 assault. Police tried to contact the woman but were unsuccessful, the complaint says. Last March, police were told DNA collected from Xiong in the January case matched the DNA found on the swabs taken from the 2013 victim, the complaint says. Police tried to locate the woman and reached her on April 10 after her son called to ask why they were trying to contact his mother who does not speak English, the complaint says. She told police through an interpreter she 'had been waiting for a very long time for an update on her case and wants him prosecuted for sexually assaulting her,' the complaint says. Police sent the case to the attorney's office for charging consideration last month. Kate Courtney, Xiong's attorney in the January case, said Monday she could not comment on Friday's charge because she has been out of town and has not read the complaint. According to January's complaint, St. Paul police were dispatched to the 71-year-old woman's apartment in the Summit-University neighborhood about 6:30 p.m. Jan. 28 after she reported she had just been forcefully sexually assaulted by a man, who was later identified as Xiong. She told police someone must have given Xiong her phone number because he called, asking to meet. She agreed, and invited him over. When he entered the apartment, she told police, he pushed her into her bedroom, took off her clothes and raped her. Shooter gets 33½-year prison term for killing St. Paul man after Edina birthday dinner Blaine child care worker sentenced to 90 days in jail for abusing children Woodbury officials seek info on rug connected to house fire Singer Dawn Richard says Sean 'Diddy' Combs threatened her with death after she saw him beat Cassie St. Paul man pleads guilty to murdering girlfriend in her downtown apartment She gave police a Facebook profile that Xiong used to contact her. As an officer pulled up the profile, she immediately said, 'that's him,' the complaint states. He was arrested Jan. 28 after police obtained a search warrant for his apartment in St. Paul's Payne-Phalen neighborhood and found him hiding under his bed. Court records show that Xiong reached a plea deal with prosecutors in the 2019 case and admitted to fourth-degree criminal sexual conduct in exchange for a first-degree charge being dismissed. He was sentenced to 231 days in jail, which was time that he had already served after his arrest, and put on supervised probation for 10 years. Xiong has no other convictions, besides two petty misdemeanor traffic violations.
