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From Kirsten Bischoff, Opalesque New York: A six year study of investment managers published by Finstad in 2005 found that firms with a high rate of staff turnover tend to produce inferior results relative to those firms where the staff rate turnover was lower. With this in mind, Opalesque looked to a recent study by Merrill Lynch and insight from Russ Gerson, CEO of the Gerson Group for the various ways hedge funds can approach hiring and contract negotiations with the end goal of staff retention.
The hiring report: 'the war for talent continues'
Although the credit crunch reached its one year anniversary this August and performance over the last few months has been lacking industry-wide, asset growth in hedge funds managed to continue an upward trend, increasing to $2.97tln (according to Hedge Fund Asset Flows & Performance Report, Hedgefund.net). However, according to the same report, liquidations overtook launches and most of the industry's asset gains were from growth in large funds. In spite of the economic slowdown, and the decrease of expansion through new funds within the industry, job postings at eFinancialCareers for hedge fund positions climbed 38% during the second quarter in comparison to last year (Source), and according to the white paper "Recruiting and Retaining Investment Professionals, Wha...................... To view our full article Click here
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