If you want to work for a hedge fund, try New York. The US city is sprouting various new hedge fund positions according to Bloomberg: BlueCrest Capital Management doubled its New York staff in the two years to December and Tilden Park Capital Management, a US hedge fund founded by Josh Birnbaum, a former Goldman trader, has been hiring.
Bloomberg says BlueCrest has hired more than 30 people for its New York office since 2010. Meanwhile, Tilden Park has recently recruited both Keeyeol Nam – a former head of structured products in a Deutsche Bank proprietary trading unit, and Michael Boyle – a former Deutsche Bank commercial mortgage backed securities trader.
Although New York is highlighted as a hub of hiring, it’s not the only place where big hedge funds have been adding staff. Bloomberg also points to Pine River Capital Management, which has offices in London, San Francisco, Hong Kong and elsewhere, and which increased its global headcount by one third in 2012. Similarly – and as we pointed out in March, Millennium Capital Partners has been hiring heavily in London.
Sebastian Grigg, a new vice-chairman of investment banking at Credit Suisse, went to Eton and Oxford, is a contemporary of David Cameron, and a former member of the Bullingdon Club. (Financial Times)
Bank of America had no days of losses in the first quarter. Morgan Stanley had eight. (Bloomberg)
Every extra letter in a person’s first name may reduce her annual salary by $3,600. (Quartz)
I knew an individual who was an associate for JPM and he ended up marrying this girl who was a manipulative gold digger. (Wall Street Oasis)
HR directors ‘yearn’ for responsibility. (HR Magazine)