If you want to work for a hedge fund, you could keep an eye on Winton Capital. One of the largest and more lucrative hedge funds to work for in London, our research recently suggested Winton increased its headcount of registered persons by 40% over the past two years. It may want to increase it a lot more.
Financial News reports today that Winton currently employs 230 people in London but is looking for a new office that could accommodate up to 830 people. This would therefore appear to be a prelude to hiring. Sources close to Winton said the new space will enable its London staff who are currently spread between two offices to be located in the same building. However, this doesn’t explain why it needs space for up to an additional 600 people. FN adds that many of Winton’s recent hires have been compliance types.
Separately, Aviva Investors accidentally sent a now notorious email to more than 1,300 staff instructing them to leave the building having handed over all company property and security passes. “I would like to take this opportunity to thank you and wish you all the best for the future,” it added soothingly. The email was, in fact, intended for one person and according to the Telegraph was met with a stunned silence. Aviva subsequently apologised to all but one of the email’s recipients.
Alan Howard, 48, hedge fund manager, has finally become a billionaire! (The Sunday Times)
Citigroup hired Bo Xilai’s oldest son. (San Francisco Chronicle)
RBC wants to double the number of wealth managers it has in Dubai and hire another 15 people in the next 2-3 years. (Gulf News)
Knight Capital has hired a new chief executive – the former head of Saxo Bank’s London trading operation. (Telegraph)
External hires, on average, make around 18% more money than internal employees with similar positions. And yet they perform less well in the first two years and are also more likely to leave or be let go. (NY Times)
Fred Goodwin has secretly agreed never to work in the City again as part of a pact with the Financial Services Authority. (The Sunday Times)
It may not be easy for the FSA to impose fines on managers who allegedly fail to manage. (Financial Times)
You could commute to Luxemburg. (eFinancialCareers Luxembourg)
Many Wall Street types use power-napping to make up for lost sleep. (Businessweek)
Your twenties may be the defining decade of your life. (NPR)
Women are more career- driven than men. (Economix)
“A woman can be sexy beautiful talented and smart,” says Xenia, who turned down her offer from JPMorgan and has been hosting beauty competitions in Switzerland and the Ukraine. (Business Insider)