UK
Tag: Private Equity
Private equity recruitment: stalling, but not yet terminal
Recruitment in the private equity industry in the UK has been relatively resilient, even throughout the last six months, and few firms have announced any plans for redundancies. However, deal activity in Europe is slumping. It fell by 30% in the third quarter of this year and the buy-out market fell to $11.5bn, according to [...]
Sectors explained – Alternative Investments
A ‘normal’ investment is usually in stocks, bonds and cash, made with a view to earning interest or dividends, or because the value of the investment is expected to rise over time. Alternative investments cover a broader range – from wine to art and real estate. We will look at hedge funds and private equity. [...]
Lunchtime Links: The HR person, PR person and ex-army security specialist who’ve been promoted to MD at Goldman Sachs
You don’t have to work in the front office to get an MD promotion. Nor do you have to have an MBA, although both will help. Financial News has assembled information on many of the 261 people who’ve been promoted at to MD at the bank this year. A mere 19% were women, down from [...]
Late Lunchtime Links: A bank has been hiring in fixed income
And not just in fixed income: in rates sales, an area where other banks have been cutting. The perpetrator is Mizhuo International, which has been making noises about strengthening its fixed income business for some time. Now it’s hired Christophe Savornin as a director of its fixed income business in France, and David Grundy as [...]
Lunchtime Links: 20-something poker players are making six figures; private equity hiring is not what it was
As banking careers carry increased risk of sudden death, alternatives may be preferable, like professional poker. The BBC highlights the case of two 20-something UK poker players, one of them a model from Kent with a 1st in astrophysics (the other a “mop” haired recent graduate of indeterminate origin), who are making big money. Mop-haired [...]
Here are some hedge funds that should really be hiring
Banks aren’t having a good time and nor are hedge funds. The past quarter was one of the worst ever quarters for the hedge fund industry and September was one of the worst ever months. As a result, many hedge fund recruiters are not answering their phones and those who are, are doing so with [...]
JP Morgan Earnings Beat Estimates
JP Morgan is still the bank to work for. The bank released its third quarter earnings today of $1.02 per share, beating analsyts estimates by eleven cents. In its announcement, J.P. Morgan Chase & Co said its third-quarter profit fell 4% to $4.26 billion, or $1.02 a share, from $4.42 billion, or $1.01 a share, [...]
GUEST COMMENT: My Masters in Finance at LBS has involved climbing a 13m pole in the rain
I am halfway up the 13-metre high pole, with each new step a mental drain. The sun has given way to more drizzle yet again. Such is British weather: a tempestuous child. I am at an offsite location with my London Business School (LBS) mates and we are here to participate in puzzles and high-rope [...]
GUEST COMMENT: Bank by bank, here’s what analysts were paid this year
It’s been a mixed year so far: equity markets have swung wildly, M&A deal volume is currently down, but M&A by revenue generation has been up. We’ve had two years to get used to living in a world of uncertainty and it seems that we’re all slowly adapting. Or maybe we’re just too tired to [...]
More junior bankers are moving to private equity firms, but there’s still a shortage
Maybe, just maybe, it’s not such a bad time to be working in an investment bank with a couple of years’ experience under your belt. Bonuses are slightly up this year, firms are said to be choosing expensive senior bankers rather than hard-working juniors for cuts and, should you wish to take the oft-trod path [...]
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