HK Jockey Club picks head of investment risk

The Hong Kong Jockey Club, an endowment with several billion US dollars under management, has hired Cambridge Associates’ former Asia chief as its head of investment risk. Alvin Tay is understood to have started last week in the Hong Kong-based role, which one industry source said he understood was a newly created post. AsianInvestor could not ascertain how this function was looked after in the past. There had previously been a manager of investment operations, Lillian Leung, wh…