Hedge funds 'rehiring' following economic downturn

27 August 2009

Many hedge funds have resumed hiring following the economic downturn and are targeting the industry's most talented professionals, it has been suggested.

According to Reuters, companies such as RBC Capital Markets, Tribridge, Citadel and Artradis have all restarted their hedge fund recruitment, with marketing executives, operations staff and fund managers all being taken on.

"Things have definitely turned around," Bob Olman of Alpha Search Advisory Partners told the news source.

He added that the volume of job placements has risen "threefold" on the first quarter, with marketing roles being the most popular and activity in the global macro, equity long-sort and distressed debt and credit sectors also increasing.

However, Mr Olman noted that the hedge fund jobs market is still "slacker" than before the credit crisis began, with executive pay also being lower.

Earlier this month, the Financial Services Authority announced that it is to conduct a report into the proposed cost of introducing planned European Union (EU) regulations to the hedge fund sector.

Consultancy firm CRA International will analyze the EU proposals on behalf of the body.

Written by Claire Archer

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