UK
Sector: Hedge funds
Brevan Howard now looks very much like your best option
If you want to work for an organisation unrivalled for its excellence, unsurpassed for its generosity and able to make very good money even in recent market conditions, Brevan Howard is looking like it. While Goldman Sachs is being lambasted for the loss of its “magic touch” and John Paulson’s investments aren’t doing well, Brevan [...]
Jobs in GLG funds look insecure
This hasn’t really to plan; Man Group bought GLG Partners last year to diversify its revenue streams and reduce its reliance on its flagship AHL fund, but it’s the new acquisition that’s leaking assets. There’s reason to believe that job cuts could be coming. Assets at the world’s largest hedge fund fell by 8%, to [...]
Prop traders’ hedge fund spin-offs are beginning to expand
Investment banks’ star traders are leaving to set up hedge funds. Last week it was Todd Edgar and his team from BarCap and this week Citigroup’s Sutesh Sharma unveiled plans to go it alone as the bank winds down its prop trading activities. These are high profile examples, but this trend is nothing new. The [...]
Todd Edgar’s 50% BarCap package was unsustainable, but don’t assume you will ever achieve anything better at a hedge fund
Poor Todd Edgar. Poor Todd Edgar’s team. In 2009 all 5 of them joined BarCap for what was reputedly a 30m two year package comprised of: – 15m in salaries, bonuses and deferred stock – A share of up to 50% of their profits At the time, it looked like a great deal, both for [...]
Lunchtime Links: Credit Suisse would like to hire hedge fund managers and former prop traders
Credit Suisse wants to hire people, says Bloomberg. It’s set up a new $500m systematic-trading group in its asset management business and would like to expand. The group is currently based in the US and has a presence in Zurich, but may manifest itself elsewhere. It currently comprises 20 traders, analysts and ‘others’ and is [...]
A short statistical analysis of how long people generally last at Brevan Howard
Brevan Howard is known for its exacting standards. The London-based hedge fund, which is thought to have paid its partners 15m each last year and has proclaimed its receptiveness to applications from prop traders at investment banks, has a reputation for dispensing with people who don’t meet its requirements. Brevan Howard rarely grants interviews, but [...]
Inferences on how to become a top young hedge fund star before you’re 40
Financial News has produced a list of the top young hedge fund stars under 40. It’s the sort of thing you should read carefully if you want to avoid career derailment aged 45. If you are working so hard to avoid derailment that you don’t have time to study this list in detail, we have [...]
If you want to work in a hedge fund should you do a CFA – or a CAIA?
If you want to work in a hedge fund, which many people apparently do (27% of respondents to our current poll say they’d rather be a hedge fund manager), you may be faced with a dilemma: should you embellish your CV with a CFA, or should you go for the more hedge fund- specific CAIA [...]
Is this the perfect job for moving into the front office?
Someone, somewhere, is receiving multiple offers. According to the latest missive from recruiters Robert Walters, multiple offers are still happening in the world of ‘investment management finance.’ Here, there are not only loads of jobs and plentiful offers but people able to negotiate, “favourable packages.” In particular, Robert Walters says there’s an abundance of hiring [...]
Have children, move to Switzerland
Switzerland is emerging as the location of choice for financiers with infants. Pre-procreation, London is the place to be. Post-procreation, it’s Switzerland. “I used to live in London and now I love it here,” says one Swiss hedge fund manager. “I’ve got a 2 year old child and its suits where I am in my [...]
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