GF
Sector: Hedge funds
Six areas where there are more jobs than candidates
So far, 2011 has proven to be a little disheartening for those awaiting the great revival in fortunes of the Gulf financial sector jobs market. But while the overall picture is subdued, some roles remain a challenge to fill. Here are the six areas where you’re most likely to find success: Analyst and associates within [...]
The deep weirdness of some hedge fund interviews
If you interview at an investment bank, you may be asked weird questions. If you interview at a hedge fund, the chances of this happening are higher. Last year, research conducted by eFinancialCareers in the US concluded that hedge fund interviews are the hardest. This week, it has also become apparent that they can also [...]
The UK hedge fund training the Libyan financial services professionals of tomorrow
With current Libyan regime looking increasingly unsteady, more scrutiny is being paid to the international firms who have backing from the country’s sovereign wealth fund, the Libya Investment Authority (LIA). The $70bn SWF has, after all, been an increasingly ambitious international investor, holding stakes in Fiat, Unicredit, FT-owner Pearson and even Juventus football club. Many [...]
Obama’s banker bashing: will the Middle East benefit?
As the world digests Obama’s Glass-Steagall for the 21st Century, are there any possible implications for financial services employment in the Middle East? Obama sent shockwaves through Wall Street yesterday after revealing his intentions to…“work with Congress to ensure that no bank or financial institution that contains a bank will own, invest in or sponsor [...]
Tiny bonuses likely at Investcorp this year
Bahraini investment bank Investcorp’s fiscal year results can’t exactly come as a surprise to those following the firm’s fortunes recently. A dire six months to December 2008 saw the firm cut 20% of its workforce and the full-year $781m pre-tax loss posted yesterday means staff costs are going to continue to be pared back. The [...]
Investcorp continues management shake-up
What’s going on at the top at Bahraini private equity and alternative investment firm Investcorp? Just days after scrapping its chief operating officer role in order to "streamline its management" it’s tapped Citigroup’s Middle East MD for a new senior role. Clearly, a change of strategy is afoot. The firm posted a first ever loss [...]
Hedge funds prepare for talent and cash influx
Hedge fund inflows have been tipped to increase fivefold in the Middle East, and firms are scrabbling to ship Western expertise out to the region as well as find talent on the ground. Gilles Rollet, chief executive officer of fund manager Mirabaud (Middle East), thinks the hot air surrounding hedge funds in the region will [...]
Is it still a man’s world?
Are more women in the Gulf breaking into top-level positions in financial services, or is it still a male-dominated industry? Figures from the US Equal Opportunity Commission paint a cosmopolitan picture of the industry state-side. In the banking/credit arena, women make up 48.6% of the workforce, whereas in the securities market – the sector with [...]
Here come the hedgies
Dubai could soon be hit by a wave of hedge fund managers fleeing the UK. Proposals for increasing the amount of tax that wealthy non-domicile residents pay in the UK are threatening London’s position as the financial centre top spot. If it goes ahead, hedge fund managers could be on the first plane out of [...]
Easy ride at Islamic banks?
If you fancy a safe bet this year, move into Islamic finance – business is booming and experience of the sector isn’t essential. Islamic banks in the GCC have emerged virtually unscathed from the US sub-prime crisis. It helps that collateralised debt obligations, high risk mortgages, and other unfathomably complex investment vehicles are incompatible with [...]
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