Top-Ranked Oil Analyst Kwan to Leave Mirae Asset at End of JuneBloomberg News
Gordon Kwan, the most-accurate forecaster of Brent oil prices in the eight quarters through March 31, will leave Mirae Asset Securities Ltd. in Hong Kong at the end of June.
Kwan, the company’s head of regional energy research, confirmed his departure in an e-mailed response to questions today, without specifying his future plans. Mirae, the brokerage affiliate of South Korea’s second-largest money manager, will eliminate half of its 38 jobs in Hong Kong as demand for broking services falls, Choi Jong Hyun, the company’s Seoul-based spokesman, said in an e-mailed response to questions yesterday.
Kwan predicted the price of Brent traded in London with an average margin of error of 6.2 percent in the past eight quarters, the most accurate among analysts ranked by Bloomberg. He was closest for estimates of West Texas Intermediate in the eight quarters ended June 30, 2011, a previous ranking showed.
— With assistance by Jing Yang