Wed, Dec 13, 2017
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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans