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From Kirsten Bischoff, Opalesque New York:

The hedge fund industry job market over the past few months has offered little to no opportunity, not even for the first step of a resume submission. The few positions that have become available generally went quickly and quietly to individuals who were well networked and actively recruited. However, the freeze across the industry may be thawing. A recent hedge fund industry recruitment and compensation study by international consultancy Heidrick & Struggles shows that while hiring is still slow in comparison to years past, the pickup of launches during the summer/fall of 2009 has increased hedge fund industry hiring.

Where the growth is Marketing professionals may see some of the first breakthroughs in job growth, as hedge funds hope to position themselves best for asset growth from re-allocating investors. With regards to compensation, the strongest 5-10% of senior marketers are securing significant guarantees, but the good news is that guarantees are also extending outwards as 20-30% of mid-to senior level hires are also securing minimum guarantees for total compensation.

The study also showed that the biggest boost in current hiring of "top investment professionals" is happening in the following strategies: credit, distressed, equity long/short, and macro.

Competition is at its fiercest at the lowest rungs As opportunities within th......................

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