UK
Rich hedge fund manager has terrible year, still earns $33.5m
One of the UK’s richest hedge fund managers took home $33.5m in a year when profits at his firm fell by nearly 50% and investors pulled out over performance concerns. Clive Capital, the commodities-focused hedge fund run by ex-Moore Capital trader Chris Levett, posted profits of $39.6m for the year ending February 2013, compared to […]
Late Lunchtime Links: Further signs that French banks are unfeasibly poor payers
French banks are not known for being super-generous to their investment bankers. Yes, some senior bankers at the top of the pile are said to earn gigantic amounts, but the average Parisian investment banker is likely to be less well off than his or her counterpart at a U.S. bank in the City of London. […]
In the productivity hierarchy of banking jobs, M&A bankers rank last
Pity the lowly mergers and acquisitions (M&A) banker, for he or she not only works stupidly long hours in the service of capricious clients, but brings in very low revenues for his/her bank in the process. We know this because banking intelligence firm Tricumen has issued some new research on revenues per head by banking […]
Why other people are getting jobs and you’re not
Gore Vidal famously said that, ‘whenever a friend succeeds, a little something in me dies.’ Much the same might be said when a friend – or ex-colleague – finds a new job and you don’t, especially if you’ve had the misfortune to be out of the market for a long time (or maybe just out […]
Twelve reasons why London recruiters love (and loath) recruiting in Asia
Call a recruiter in Asia these days and there’s a good chance you’ll hear a British voice on the end of the line. Recruiters from London have flocked to the region in recent years in search of clients, candidates and profits in the comparatively buoyant job markets of Singapore and Hong Kong. Here’s what they […]
The weirdness of working for Bloomberg
Bloomberg is having a ‘moment’. Ever since news broke last week that its journalists were able to monitor bankers’ access to Bloomberg terminals as a source of information, Bloomberg itself has become the story. Since then a light has been shone on what working at Bloomberg entails. All we can say is – its good […]
Six new London hedge funds where bankers and traders can find jobs
Large international players are scaling back, but there’s a slow gravitation of investment bankers either going it alone or moving to boutique operations and hedge funds. In the last two months these six hedge funds have been given the thumbs up from the UK’s Financial Conduct Authority (FCA). Some are still building their teams. 1. […]
Late Lunchtime Links: Goldman Sachs is spending £1bn on a new London office, but may still retreat from Europe
When it comes to making a visible monetary commitment to a particular market, you don’t get much more conspicuous than Goldman’s decision to develop a massive new European banking HQ in London’s Farringdon. Costing an alleged £1bn, the new office was being seen as a sign that Goldman was committed to Europe no matter what – […]
Fear factor: bankers only have 50 days to find new jobs
How quickly do you need to find a new job if you’re a banker who has been laid off? Very, it would seem. An analysis of 10 recent hires at major banks in London shows that on average experienced bankers spend only 50 days between jobs. Data from the UK’s Financial Services Authority (FSA) register […]
Beware – the super-hubs are coming
In the future, financial sector workers will have to seriously consider their location. This doesn’t just mean a toss-up between London and New York or Hong Kong and Singapore, but whether to gravitate towards a so-called ‘super-hub’ city for finance that will attract the best and brightest. At least this is the theory of a […]
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