Mon, May 2, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

New York leads the pack in hedge fund hiring

Friday, June 03, 2011
Opalesque Industry Update – The top five cities for hedge funds according to hiring mandates and research done by HF Observer are:

Of these hedge fund centers New York funds are the most active in seeking and hiring experienced talent. Second to New York in size and hiring activity is the triumvirate of Stamford, Greenwich and Westport (the three cities as stand alone entries all tied for fifth place).

As part of its Roundtable series Opalesque has traveled to these cities over the past year (and many others including less well known US hedge fund centers in Denver, Florida and the West Coast as well as global fund centers such as Singapore, South Africa and Geneva).

HFObserver noted which are the top funds within each city according to those that are currently looking to fill positions. New York, which leads the charge in hedge fund hiring, is also home to slightly less than half of global hedge fund assets. A quick check with financial recruiting firm Glocap, which has multiple offices on both US coasts, reveals the bulk of current hedge fund and fund of funds positions that are listed on the firm’s boards are New York-based.

According to the media outlet’s study, in Connecticut the hiring is largely attributed to Bridgewater, the second largest hedge fund in the world, which is based in Westport. In Chicago, Citadel is actively hiring and in Dallas Highland Capital led the charge with posted positions across areas such as investor relations, analysts and recruiting.

The list noted that although the West Coast city of San Francisco did not make the cut, adding in surrounding areas where hedge funds are active (Palo Alto, Redwood City and Berkeley) would have pushed it onto the list. And Minneapolis, a city that not many would pick out on the map, is a noted up and comer. Opalesque knows of at least one fund in Minneapolis preparing to make a formal launch announcement during this year, and HFObserver noted that Pine River Capital, Waterstone Capital and Whitebox Advisors are established firms in that city that are all actively hiring in 2011.

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n