UK
Tag: Fund Manager
Late Lunchtime Links: The crippling cost of a top MBA; further proof that traders should aspire to work at JPMorgan
If you’re thinking of doing an MBA, you may be balking at the fees (currently 54k at London Business School.) However, the fees are a mere fraction of the total cost. According to this blog, an MBA at a top US school, taking into consideration the cost of living and the opportunity cost of lost [...]
When people prowl around growling, calling each other morons or vile little runts
From the outside, New Star had always seemed an ok place to work. It famously didn’t pay cash bonuses until 2008, but it was well-respected and having John Duffield as a mentor has launched some young hedge fund stars. However, a case being brought at the central London employment tribunal suggests New Star had its [...]
25% redundancies across the board?
There is bad news this morning. The CBI and PricewaterhouseCoopers have finished their latest survey of UK financial services firms and concluded that there will be 8,000 job losses in the UK industry over the next three months. If this happens, 90,000 UK financial services jobs will have been lost since 2008. The CBI/PWC prognosis [...]
Late Lunchtime Links: French bankers can blame Anglo-Saxon journalists if they lose their jobs
Again, it has not been a happy day for people working at French banks. Although shares in SocGen and BNP Paribas have recovered recently, earlier it was looking sad, particularly for BNP Paribas. The immediate cause was an article in the Wall Street Journal quoting an unnamed French banker as saying: “‘We can no longer [...]
REVIEW MY CV: I keep interviewing for equity sales roles and not being hired. Why is this?
Hi everyone. I’m working in an equity sales/broking role for a boutique and want to make a change. I’m looking either for straight equity sales roles or for corporate broking roles at larger organisations where I can learn more. I’ve interviewed at a couple of places and the feedback has been excellent, but I haven’t [...]
Lunchtime Links: Who’s the hedge fund manager making 230k a day (even on weekends and bank holidays)?
Last time Clive Capital hit the news, it was in relation to claims in May that it had lost $400m when the oil price collapsed. This was subsequently denied and followed with some good news: not only is Clive alive and launching a commodities index with Goldman Sachs, it has also paid someone extremely well. [...]
GUEST COMMENT: Were it not for nepotism, I would never have got a job in investment banking
A few months ago Lib Dem leader Nick Clegg restarted the debate about whether it’s who you know and not what you know that gets you a high-flying job in the City. I feel I’m qualified to discuss this issue because it was only blatant nepotism that allowed me to enter the Square Mile’s hallowed [...]
Should you be very bothered by the Goldman Sachs subpoena?
Needless to say, Goldman Sachs has been subpoenaed. Yesterday its shares hit a one year low. We’ve already looked at the advisability or not of working for Goldman Sachs in light of its perpetual vilification. Should the subpoena make any difference? Yes: this is a criminal investigation As the Financial Times points out, the subpoena [...]
Lunchtime Links: UBS will NOT be paying a lot of zero bonuses in the US this year
Last year, UBS handed out a lot of zeros at bonus time. This year, this should not happen again – or at least it shouldn’t happen to its investment bankers in the US. Following adverse publicity about the many departures from UBS’s US investment banking business and allegations of tellings off by the investment banking [...]
GUEST COMMENT: Long only asset managers are mostly of inferior intelligence and add very little value
Forget bashing hedge funds because of their high fees. Long-only fund managers are the ones who are ripping us off. Their performance is disappointing. This is unsurprising: most long-only managers are remarkably stupid. Unlike hedge funds, the industry is dominated by well-connected by not necessarily astute public schoolboys. Naturally, there are exceptions. There’s the minority [...]
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