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From Kirsten Bischoff, Opalesque New York:
Report of an increase in hiring pace in the financial (and healthcare) industry, is welcome news for an industry that has seen a significant contraction in employment opportunities (Source).
Opalesque had a chance to reach out to international executive search firm Glocap, which maintains a large presence in the alternatives industry, to gauge what they are seeing on the front lines of a very tough job market. Glocap CEO Adam Zoia told us that across the alternatives industry the firm has seen a pick up in all areas except real estate and human resources.
Over the past months, firms that have found they needed additional staffing in certain areas (i.e., marketing, risk management, portfolio management), have not had the confidence to actually make commitments for new hires, but this is changing quickly as hedge funds end a strong first half of 2009.
“After a strong first half for most hedge funds, confidence is returning and given that along with the need, hiring is resuming. Additionally, some searches that were moving slowly are picking up speed as firms develop more of a sense of urgency,” Zoia says.
Glocap strategic partnership announcement is evidence job market competition is still fierce
But even as the job situation may be easing, there are clear signs that the environment is st...................... To view our full article Click here
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