From the monthly archives:

June 2008

Part of the reason we maintain this weekly feature is that new hedge funds mean new hedge fund jobs — not always, but often. If a small shop just starting out isn’t necessarily hiring, a strong firm launching its fifth fund may very well be. It’s a small world out there, and knowing where the movement is can only help. Chances are, there are very few degrees of separation (1 or 2) between you and somebody involved with any fund mentioned in this feature. An article from FinAlternatives, reporting the first of the funds we list below, directly notes: “Barker and Coley are also in the market to hire traders and other staffers for the new venture.”

Randy Barker and Geoff Coley formerly of Citigroup will start a distressed debt hedge fund.
The Pamplona Credit Opportunity Fund will open in September.
The PCM Green Power Fund (Hong Kong) invests in the environment and alternative energy.
Armored Wolf (California), a new firm, will run a commodity hedge fund.
AltEdge (UK) has opened two funds of hedge funds.
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It’s a good year to be a talented hedge fund marketer or a salesperson with a deep network. Small and startup firms are struggling to raise funds this year, and anyone who can deliver the goods will be highly valued. A few recruiters specialize in the area of sales & marketing of alternatives, and they are the contacts to know about. This hedge fund sales job, exclusive to Hedge Fund Search Digest, is based in New York. It also deals in a part of the market where many funds see opportunity right now.

Hedge fund sales / asset-raising person needed for a new MBS long/short strategy. This is a new fund at an established firm with an excellent track record, specializing in the MBS and fixed income arena. The firm’s seasoned chief was head of trading & research at a top investment bank prior to launching his hedge fund career.

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It is time again to assess where the industry is headed with regard to compensation levels. You are invited to participate in Hedge Fund Search Digest’s annual hedge fund compensation survey, which we are conducting to provide information to evaluate compensation, negotiate better job offers, and benchmark firm compensation practices.

Follow this link to participate in the annual Hedge Fund compensation survey.

Click Here to take survey now.

We had tremendous response last year. A sample of firms who participated last year includes (cited with permission from respondents) Dresdner Kleinwort, Bluebay Capital, UBS, Credit Suisse, Goldman Sachs, ABN AMRO, Perry Capital, Eagle Asset Management, AlphaSwiss, Apex Capital Management and hundreds of others.

All eligible participants will get survey results. Take the survey now to secure access to this valuable data. And please send this to your friends in the industry because every additional response benefits all participants.

Participate in the survey

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Amid I-Bank Job Cuts, Opportunistic Hiring By Hedge Funds

June 24, 2008

Yesterday we noted the report from Financial News Online that hedge fund launches are in a slump. That was based on the First Quarter 2008 Industry Report from Hedge Fund Research, a Chicago firm. Acutally, fund launches during the first quarter, last year, just barely surpassed this year’s figure, but an eight-year [...]

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Last Week in New Hedge Funds

June 23, 2008

Hedge fund launches are at an eight-year low, according to Financial News Online.  We still read about a steady trickle each week.
The Mortgage Opportunity Fund of Five Bridges Capital will launch soon, investing in undervalued assets.
Odey Asset Management has opened a fund of funds division.
GSO Capital Partners will launch a USD 1.5-2 billion fund.
BlackRock, Lucas [...]

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Hedge Fund Junior Execution Trader Job in Greenwich, CT

June 19, 2008

Entry level hedge fund jobs aren’t exactly a-dime-a-dozen. This junior position (located in Greenwich, CT) is an ideal illustration of a break-in opportunity for an ambitious candidate with solid skills. View complete details and contact information for this one and others like it in Hedge Fund Search Digest’s hedge fund job database.
Sophisticated quantitative hedge [...]

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Hedge Fund Careers and the BIG Get Bigger

June 17, 2008

Today the Wall Street Journal reported that the Hedge Funds are feeling the employment pinch and the rich are getting richer.
Just a few years ago, Wall Street players could leave their investment banking jobs and easily start their own hedge fund or join an existing fund and enjoy a much better quality of life. “[Hedge [...]

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