From the monthly archives:

January 2008

“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

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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.

[more…]

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Education, Experience, and the Right Opportunity

January 24, 2008

Mike Rothenburg recently told us how his background in engineering and consistent interest in finance and management led, in 2006, to launching Hi-Tech Futures with two colleagues. Tell us about your firm, as you would tell an investor. We’re a small Commodity Trading Advisor and Commodity Pool Operator. We’re certainly considered an emerging manager, with […]

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Deportation Ruling in CT Scam

January 22, 2008

It sounds like an email proposal your spam filter would catch, but this scam really worked, for a time. “[Yalincak] and her son, Hakan, then a student at New York University, convinced investors to pour millions into a non-existent hedge fund, with Hakan posing as a wealthy Turkish heir to gain entrée to Greenwich’s monied […]

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Who Expects Equity?

January 21, 2008

“Longevity with the firm plays an important part of an equity award and most survey respondents have less than four years with the firm. 20% of respondents said they have received equity in the firm. Awarding equity in the company also seems to depend partly on job title. Nearly half of the COO and CFO […]

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IT Roles – “The Short Track” – Stewart Koenig

January 18, 2008

Prime Consulting International (www.pci-search.com) is Stewart Koenig’s NY/CT-area recruiting shop. He recruits technology professionals into the financial world, doing up to 50% of his business with hedge funds. Tell us about your firm. The focus is the capital markets arena, both buy side and sell side firms. Hedge funds make up about 30-50% of our […]

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Fund Performance in 2007

January 17, 2008

From the HFSD 2007 Hedge Fund Compensation Survey: “Respondents generally said their fund performance was solid. Over 50% said their fund had good to excellent performance. This was also supported by Morningstar reporting solid hedge fund performance for the first half of 2007; maintaining an edge over the S&P 500 Index. Paradoxically, the favorable industry […]

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