UK
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 [...]
This hedge fund currently has over 30 jobs going in London
The Japanese earthquake may have hit computer-driven hedge funds hard, but Man Group continues to recruit in decent numbers for its London office, largely for AHL, its algo fund. Man posted less than glowing results last week, but still has over 30 vacancies in London. They include AHL-based quantitative analysts, client portfolio managers, research technologists [...]
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 [...]
GUEST COMMENT: I am a partner in a hedge fund and it is not that great
It has fallen to me to cure people visiting this site of a grave disillusion: becoming a partner in a hedge fund is no panacea for life’s ills. I know this, because I am a partner in a Hedge Fund. I helped set it up and I now spend all day talking to the prime [...]
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 [...]
The deep weirdness of some hedge fund interviews
If you interview at an investment bank, you may be asked weird questions. If you interview at a hedge fund, the chances of this happening are higher. Last year, research conducted by eFinancialCareers in the US concluded that hedge fund interviews are the hardest. This week, it has also become apparent that they can also [...]
Hedge funds don’t have to defer bonus payments (but most are)
Hedge funds are making money again. In fact, as has been widely reported this morning, the top ten hedge funds made $28bn in the second half of 2010, eclipsing the combined profits of Goldman, JP Morgan, Citi, Barclays and HSBC. Rather obviously, with even the larger hedge funds employing only a few hundred people, the [...]
The UK hedge fund training the Libyan financial services professionals of tomorrow
With current Libyan regime looking increasingly unsteady, more scrutiny is being paid to the international firms who have backing from the country’s sovereign wealth fund, the Libya Investment Authority (LIA). The $70bn SWF has, after all, been an increasingly ambitious international investor, holding stakes in Fiat, Unicredit, FT-owner Pearson and even Juventus football club. Many [...]
Lunchtime Links: Dollar millionaires mostly to be found in hedge funds
Forget ogling the pay at Goldman Sachs and the redundancy payments at Deutsche Bank. Hedge funds are still where the highest compensation is to be had. Reuters has seen a compensation survey from Greenwich Associates and Johnson Associates which suggests the average ‘senior equity professional’ in a US hedge fund (including portfolio managers, traders and [...]
What’s really required of the hedge fund CV: track record
Hedge funds are the big winners in the new regulatory landscape. Gary Cohn of Goldman Sachs says so. Ok, hedge funds are furiously disputing the notion that they’re the new risk takers, but there’s little denying that former banking prop traders are keen to join them – witness the resurfacing of two BAML prop traders [...]
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