“Relative to others in their firm, over 50% of the survey respondents identify themselves as either the most or somewhat senior person in the firm. Considering that 60% of respondents stated that they had been with the current firm for 2 years or less, relative seniority may demonstrate an increasing number of new firms, the effects of turnover or both.”
From the HFSD 2007 Hedge Fund Compensation Survey
Bob Olman is a noted speaker on careers in capital markets and the founder of Alpha Search Advisory Partners (www.alphasearchadvisory.com), a top recruiting firm to the alternative investment community, based in NYC with offices in London and Singapore. This is the first of a two-part discussion with him.
What’s your favorite interview question?
“Give me an example of a trade idea you put on in the past year that you were correct on, and one that you were wrong on; what was the approach and how did you develop your position?”
What is distinctive about working with the very best candidates in the market?
What makes a candidate good is their success in trading their strategy. Working with the very best candidates in the market is a double-edged sword. They are easy to place because their successful track records speak for themselves. If they have been successful, however, they often have very little reason to leave their current employer, as they are typically well taken care of.
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