Musical Chairs for Hedge Fund Traders

December 6, 2010

It’s the best time in 15 years to hire traders if you run a hedge fund. So says Israel Englander, founder of Millennium Management LLC, a global investment management firm with approximately 800 employees and $8.2 billion in assets under management, headquartered in New York City. The reason is that so many big banks have […]

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Do Hedge Fund Analysts Cross the Line?

November 29, 2010

Wall Street depends on research, and analysts at hedge fund jobs and big pension funds get paid big bucks to uncover information about companies. But just how far is too far when it comes to “research”? That was the question posed to Stephen Bainbridge, who teaches law at the University of California, Los Angeles, in […]

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Mid-Sized Hedge Funds Facing a Squeeze?

November 22, 2010

Mid-sized hedge funds, those in the neighborhood of $100 million to $500 million in assets, are facing a squeeze, according to an article in HedgeWorld. That’s because only 22 percent of the mid-sized hedge fund firms surveyed by Greenwich Associates have more than one full-time employee devoted to client service, and only 9 percent have […]

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Hedge Fund Manager Looking for New Turtles

November 15, 2010

A top hedge fund trader is looking for 10 apprentices to work alongside him, using his capital and learning his proprietary trading system. The challenge mimics a legendary experiment in the hedge fund history when Chicago trader Richard Dennis set out to prove successful trading can be taught to anyone who simply followed his system.  […]

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Bigger Bonuses for Hedge Fund Managers

November 8, 2010

Hedge fund managers in the U.S. can expect to see bigger bonuses, in time for Christmas, according to new research by Hedge Fund Research and the executive search firm, Glocap. An article in the Financial Times notes that year-end bonuses are set to rise by 5 percent this year. It’s a sign that the hedge […]

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Tough Hedge Fund Job Interview Questions

November 1, 2010

Journalist Ann All at ITBusinessedge has uncovered a few challenging job interview questions that go beyond the standard, “Where do you see yourself in five years”. The first comes from a recent New York Times interview with VMWare CEO Paul Maritz, who commented that he likes to grill candidates on something they’ve done in the […]

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Hedge Fund Compensation May Be Shifting

October 25, 2010

Another change looms for the hedge fund industry: compensation structures that could make hedge funds more “investor friendly.” Institutional investors are already rewriting the rules, and wealthy investors and family offices are sure to follow. The traditional hedge fund compensation structure has been “2 and 20”. A 2% management fee on assets under management (AUM) […]

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