Hedge funds are packing up and heading south. Is this a continuing trend or a brief part of the financial sector’s ongoing evolution? Apex Fund Services — one of the world’s largest independent fund administration companies with more than $20 billion of assets under administration — recently opened a new office in Miami, Florida. Vincent M. Sarullo, Managing Director of […]
For several months hedge funds have been accused of luring top talent away from banks and other financial institutions. This is partially due to the fact that banks are not what they used to be; the salary, stability and bonus packages have greatly decreased. Hedge funds have been more than welcome to fill the void. Thalius Hecksher, Global Head of […]
When people think of jobs on Wall Street, they often imagine a bunch of accountants, analysts, stockbrokers, mathematicians and other brainy types. But not everyone in the financial sector follows the same path. There is more than enough room for people with other backgrounds — particularly lawyers. “If people want to go into this industry, there are a lot of […]
Few Wall Street professionals were thrilled about the implementation of Dodd-Frank and other forms of regulation. But it seems to have been a blessing for those who specialize in compliance. “With Dodd-Frank, with the regulations that came out of that, and with the regulations that are coming out still, I’m seeing lots of hiring of CCOs and lots of other […]
It’s no secret that Citigroup has a workforce problem this holiday season. The company may not be planning to layoff as many people as Morgan Stanley did last year, but if the reports are accurate, the firm is not in hiring mode either. Or is it? In North America alone, Citigroup is looking to fill 2,164 positions. Worldwide the company […]
In 2011, Morgan Stanley had a bit of a workforce problem. The company tried to hold onto its 60,000 employees, but a series of layoffs prevented that from happening. Fast-forward to 2012 and job seekers will notice a different trend. Morgan Stanley is still in the process of reducing its headcount, but the Wall Street job market is much less […]
When investors think of hedge funds, they picture the bustling streets of New York City. They may also think of London, Chicago, or the growing community in Florida. But while many hedge funds have thrived in those locations, you don’t have to move to one of those cities in order to make it big. “Obviously the vast majority are located […]
Donald E. Conrad didn’t plan on having a career in finance. As an aspiring percussionist, Conrad found himself working as a salesman for Benjamin Moore & Co. “It was a good job, too,” he told StreetID. “I had an expense account, a company car, a decent salary. I was at the high end of my peer group. But I was […]
There are thousands of hedge funds competing in the marketplace. They come in all shapes and sizes, but all too often they approach investors with the same thesis. “The things that everyone sees all the time are long/short and global macro, basically people that are saying, ‘We’re gonna be better than the market’ because we’ve got XYZ experience and we’re […]
Five Skills You Should Obtain to Advance Your Career in 2013
With every new year comes a host of new challenges. In the financial sector, those challenges include an evolving job market and a growing number of people who are fighting for every job. What can a job seeker do to stand out? What skills can he or she obtain to become a stronger candidate? To find out, StreetID turned to […]