Sector: Hedge funds
Hedge funds are recruiting prop traders on stingy packages
Hedge funds’ characteristic generosity has fallen by the wayside when it comes to recruiting prop traders, who are being forced out of the banks as Dodd-Frank takes hold. Just because hedge funds can pay non-deferred, largely cash bonuses doesn’t mean they will, and just because banks’ former masters of the universe are available doesn’t mean [...]
Anticipate discrete enquiries about your private life during hedge fund interviews
If you have spent the weekend in an orgy of self-indulgence, do not divulge this during a job interview. Especially do not say so during a job interview with a buff, European, health-conscious hedge fund manager at one of London’s newer hedge funds. The hedge fund manager in question, who declined to be named, but [...]
The interview questions of Lex Van Dam
Lex Van Dam is not known for acts of extreme niceness. Head of hedge fund Hampstead Capital and a former trader at Goldman Sachs and GLG, he was the forthright investor in the BBC’s million dollar trader programme a few years ago. Based on the assumption that an interview with Van Dam is likely to [...]
Late Lunchtime Links: London’s largest hedge funds have cut staff 25%; yes, female investment bankers DO work during labour
Prop traders planning to join large hedge funds take note: Man Group is not alone in cutting staff. According to research seen by Financial News, the number of ‘senior UK-based sales and investment professionals’ employed by medium sized and large hedge funds, has fallen 24% over the past nine months. Once there were 1,288; now [...]
A risk manager is setting up his own hedge fund; this is not normal
Risk managers everywhere will be feeling encouraged by the fact that Gregg Weinstein, a former Goldman Sachs partner, is setting up his own hedge fund. Gregg (not to be confused with Boaz) had been a Goldman partner since 2002. In his most recent incarnation he was global head of risk management for Goldman Sachs Asset [...]
Who is Julian Barnett? (Or how an IT programmer became a ‘star’ hedge fund manager)
Julian Barnett is in the news. Aged just 33, and 11 years out of university, he is setting up his own $200m hedge fund, Ridley Park Capital. The Financial Times describes it as, ‘one of the most anticipated start ups among London’s hedge fund community this year.’ How did Julian achieve such acclaim? 1) He [...]
Hedge funds holding up well in Sweden
Sweden’s hedge fund managers have a friend in their financial markets minister, who stood up for them earlier this month. And the sector remains fairly upbeat about its prospects this year in spite of recent problems. Financial markets minister Matts Odell cautioned European legislators against “overzealous” regulation of hedge funds and private equity firms, stressing [...]
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