Tue, Nov 20, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund job seekers choose stability over pay

Friday, February 24, 2012

Bailey McCann, Opalesque New York:

A new hiring trend in hedge funds is emerging in the wake of the ongoing economic crisis - job seekers are choosing stability over pay. Many are also looking for work at hedge funds for the first time. Beaten down by layoffs and collapses, financial job seekers are more willing now to take lateral moves or less money if it means a steady career trajectory according to my interview with Robert Olman, managing director, Alpha Search Advisory Partners, a US-based hedge fund recruiting and advisory firm.

"For the first time in recent memory, pay is taking a backseat to job stability. With major banks dissolving business units and mandates of Dodd-Frank yet to be rolled out, managers, analysts and others see more security and upside in hedge funds," Olman explains.

The new realities of the job market for financial professionals have created a 'priority list,' for job seekers making them less risk averse. This trend is also true for funds and banks in their hiring choices. New hires often have more diverse skill sets, longer track records and are of a higher caliber than those that have previously made it through the hiring process.

Hiring resources are going to new areas including investor relations, marketing and client services. "Investor demand for more information and transparency has increased the amount of resources organizations are putting into these areas. No......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PG&E: Are these hedge funds still holding PG&E stock?, PG&E rout may be hitting hedge funds after raised bets before fire[more]

    Are these hedge funds still holding PG&E stock? Frm Barrons: Hedge funds that bet big on PG&E (PCG) might have bitten off more than they can chew. Regulatory filings show that a number of hedge funds including Baupost Group, Viking Global Investors, and BlueMountain Capital were PG&E stoc

  2. GE: Several high-profile funds raised stakes in GE before selloff, GE credit crunch ripples across Wall Street, GE's tumbling bonds are highlighting a bigger problem at the fallen giant, After GE, investors are watching these debt-laden companies[more]

    Several high-profile funds raised stakes in GE before selloff From Reuters: Several prominent investors raised their stakes in General Electric Co (GE.N) in the third quarter, before its shares sank in recent weeks, filings with the U.S. Securities and Exchange Commission showed on Wedne

  3. Tax: Offshore hedge funds to be targeted by new IRS rules coming soon, Technology investors fear regulators' net, Rich investors eye tax-favored development funds[more]

    Offshore hedge funds to be targeted by new IRS rules coming soon From Bloomberg: The Internal Revenue Service is close to releasing a proposal that would narrow the U.S. tax benefits for offshore hedge funds, an agency official said. The proposed regulations will address a change in

  4. U.S.: Hedge funds' historic bond bet swing suggests Fed close to cycle end, Goldman Sachs believes the US economy will slow to a crawl next year[more]

    Hedge funds' historic bond bet swing suggests Fed close to cycle end From Reuters: A potentially huge shift is underway in the U.S. bond market, underscored by a historic swing in hedge fund positions: investors are beginning to think the U.S. economy is close to peaking and the Fed is ne

  5. New Launches: Hedge fund Solus looks to raise $750 mln fund, Jupiter launches absolute return fund of funds for German clients, RED Capital Partners launches $57.13m fund to invest in European tech companies founded by women, GLP unveils new continental European fund, Portfolio Advisors closes ninth FoF on $1.2bn, NN IP launches European Sustainable Infrastructure Debt fund[more]

    Hedge fund Solus looks to raise $750 mln fund From Reuters: Solus Alternative Asset Management LP is launching a $750 million fund focused on distressed and stressed investment opportunities, according to a person familiar with the matter and a letter to investors Reuters reviewed. Th