Jobless on Wall Street

January 3, 2012

When the latest unemployment numbers were released,  it showed an unexpected drop in unemployment. The unemployment rate fell to 8.6 percent; experts were predicting that the rate would remain at 9.0 percent. There were 120,000 new jobs added in November, many of which were in the professional and business services industries.
Unfortunately, this is not enough [...]

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Hedge Fund Jobs Year in Review

January 2, 2012

One of the big hedge fund job stories 2011 had to be the exodus of traders from the proprietary trading desks of the big banks, either to take jobs at hedge funds or start their own firms.
New regulations forced banks to take fewer risks with shareholder money, and that, along with the banks deferring more [...]

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Where Are the Traders Now? In Hedge Fund Jobs

December 26, 2011

One of the big stories of 2011 was surely the exodus of traders from the proprietary trading desks of the big banks. Financial firms are bleeding traders as U.S. and European regulators clamp down on the banks’ ability to trade aggressively using shareholder cash.
“Banks are particularly vulnerable at the moment to losing people,” according to [...]

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A Career-Launching Hedge Fund Trade

December 19, 2011

If you’re looking for inspiration over the holidays for your hedge fund job search in 2012, check out the story of Jim Chanos’ big trade in a recent BusinessInsider article.
Chanos, as you may know, is the founder of hedge fund Kynikos Associates. He’s been in the news lately prognosticating on the “bubble” he sees growing [...]

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Any Good News Regarding Hedge Fund Jobs?

December 12, 2011

With tighter regulations on the horizon, less-than-stellar 2011 returns, calls to end the treatment of hedge fund profits as capital gains, uncertain markets, the European debt crisis and more, it isn’t easy good news in the hedge fund job sector these days.
But hey, you can get enough gloom-and-doom from other sources. It’s our job to [...]

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Defending Your Quest for a Hedge Fund Job

December 5, 2011

It’s certainly not as popular to say you work (or want to work) in the financial industry these days. In the wake of the financial crisis and now, the Occupy Wall Street movement, saying you want a hedge fund job will get the same disapproving looks in some circles as opting to become a tobacco [...]

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Hedge Fund Career Lessons from a Tiger

November 28, 2011

More than 10 years after closing his legendary Tiger Management LLC, Julian Robertson is back, this time launching the Tiger Accelerator Fund to help young hedge fund managers get their start.
Roberts has committed $230 million of his own money to six hedge fund managers he knows well. The new portfolio, which is being marketed by [...]

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