UK
Sector: Asset Management
Asset managers get a thing for derivatives structurers
Sub-prime problems mean asset managers’ pursuit of derivatives talent is lustier than ever. Trouble is, it doesn’t come cheaply. “There’s a lot of demand from asset managers for candidates with exotic pricing model expertise,” says Jon Durrant, a consultant at search firm Selby Jennings. “They’re keen to move people from the sell-side, but banks are [...]
Guest comment: Pay expectations are becoming unrealistic
Fund managers are getting carried away when it comes to pay, says Roger Urwin, global head of investment consulting at Watson Wyatt. In the war for talent so far, talent has been the winner. This is particularly obvious in the key worldwide financial centres where the search is feverish and the compensation is often startling. [...]
Bidding ‘em up in asset management
Asset management admin types are pulling in more cash, while senior fund managers are being paid to sit tight. A report by recruitment consultant Joslin Rowe suggests the average investment management candidate can increase their salary by (a not massively impressive) 5k by switching firms – although this is double the mere 3k that was [...]
Show me the shares (say asset managers)
Forget cash bonuses, fund managers are increasingly keen on receiving stakes in the companies they work for. “More and more people are looking for equity to move,” says Paul Groarke, a fund management consultant at headhunter Hannover Search. “Three to four years ago, we would not be asked about it by candidates or even notionally [...]
Top fund managers exit stage left
Credit Suisse Asset Management has seen several of its top staff saunter out of the door. They’re not the only ones taking their talents elsewhere. A survey last month by consultancy Kinetic Partners suggested traditional fund managers are still seeing an exodus of talent to rival hedge funds, with 43% of firms saying it was [...]
Getting into infrastructure
Want to be an infrastructure fund manager? There’s no shortage of opportunities. Andrew Valentine, consultant at Jon Michel Executive Search in Melbourne, says infrastructure recruitment is a seller’s market, with Australia’s biggest funds placing talent all over the world. “Specialist infrastructure managers are putting teams into North America and Europe,” says Valentine. Meanwhile the Australian [...]
Hedge fund for sale on eBay
500k Kensington broom cupboards usually signify the top of the housing market. Does the appearance of a hedge fund for sale on eBay say the same about the hedge fund market? If you’re interested in buying into the hedge fund world, bidding ends on the morning of Sunday 18 February. The fund in question is [...]
Making the move into real estate
Real estate fund managers still sit at the top of organisations’ hiring wish lists. What’s the chance of reinventing yourself as one? Low – if you want to manage actual real estate assets, which are where most of the jobs are right now. Fair – assuming you’re an equity fund manager who aspires to invest [...]
From partnership to wedded bliss
Would you be better off working for a partnership than owning stock in a megalithic investment bank? Maybe. Partnerships have had a good press in recent weeks. First there was Hugh Sloane, founder of hedge fund Sloane Robinson. At 58m, Sloane earned what the Sunday Times dubbed “the biggest pay packet in Britain”. Next it [...]
Alpha-generating males (and females) wanted in Asia
Asset management in Asia-Pac is booming. And capable money managers are an increasingly important source of competitive advantage. “Asset management in Asia-Pacific is a tiny part of the total profit and loss, but it’s growing far faster than any other part of the bank,” one banker who recently transferred from New York tells us. “You [...]
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