Tag: Hedge Fund

Eimear-Walsh

GUEST COMMENT: Seven tips to get your CV in shape for a role in the funds industry

There’s no shortage of generic advice on how to structure your CV, but while these provide some good tips formatting and structure, there’s lack of real information on how to sell your skills for particular sectors. Every CV, of course, should be targeted at specific job roles or sectors and fund accounting in Ireland is [...]

The potentially lucrative packages on offer to gaming techies who move to UK hedge funds

Ireland is positioning itself as a global hub for games development, to the point where – according to a recent government report – it’s expected to employ 4,500 people by 2014 and grow to $82.4bn over the next five years. Central to this, rather obviously, is the technical expertise available locally. However, should developers in [...]

HedgeServ is creating 300 new jobs in Dublin (and other reasons for optimism about job prospects in Ireland’s funds industry)

Competition for staff in Ireland’s hedge fund administration sector was already stiff, but it’s about to get tougher – HedgeServ is planning on recruiting another 300 people in Dublin. HedgeServ has already been relatively aggressive in expanding its Irish operation, having recruited over 150 people over the last 12 months, and has unveiled plans to [...]

Some new hope for unemployed asset managers in Ireland

It’s not been a great couple of months for the 30 employees of the LBBW Asset Management (Ireland). Its German parent company, Landesbank Baden-Wuerttemberg, announced it was closing its Dublin operation in August at a time when fund managers’ appetite to recruit has been dampened. Now, however, there appears to be a little hope. Credit-focused [...]

Are Citi and JP Morgan really particularly safe places to be in Ireland?

If you’ve been following announcements of swathing redundancies within international investment banks over the last month, you’ll have seen two notable absentees from the carnage – JP Morgan and Citi. Both have significant operations in Ireland, but are these entirely safe? JP Morgan doesn’t expect job cuts in its investment bank, while Citi is believed [...]

How the AIFM Directive is creating jobs in Ireland’s funds industry

If you’re working in, or around, Ireland’s fund administration sector, you have reason to thank five-letter acronyms for improving your prospects. Last year it was UCITS spurring job creation, whereas in 2011 the Alternative Investment Fund Managers Directive (or AIFMD) is likely to drive expansion. The AIFMD is essentially a reaction to the financial crisis, [...]

CAREER DILEMMAS: Hedge fund admin is so boring I’ve resigned in order to get a job in technology. Was this a bad idea?

By Monday 22nd August, I will officially be unemployed. Unlike the many people facing redundancy within the banking sector, my new-found status will be entirely self-inflicted. For four years, I’ve been working as a senior trade administrator in Dublin, but as I’m based in Bettystown, this has involved spending half my life commuting on a [...]

QIFs back in fashion among Ireland’s fund administrators

Launching a Newcits fund is so 2010. If Ireland’s fund administration professionals want to locate themselves near a real growth area, they should look towards the increasing predilection for qualified investment funds (QIFs). QIFs have, of course, been in Ireland for some time – since 2002, to be exact – but it’s only recently that [...]

The growing demand for hedge fund administrators in Dublin

Most people working in Irish hedge fund administration have been sitting tight this year, but with new players coming to Dublin, firms will have to work harder to keep hold of their experienced talent. Deutsche Bank has just announced its intention to move its European hedge fund administration business to Dublin, which will create up [...]

Pay slides at Goldman Sachs’ Irish subsidiary…to just €140k

Everyone it Ireland, it seems, is feeling the pinch currently even those working for the traditionally well-paying Goldman Sachs. Still, with an average remuneration of over $202k (€140k), there are worse places to be. Goldman Sachs Bank (Europe) Plc posted a pre-tax profit of $58m for 2010, which is a 34% decline on the $86.7m [...]