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 […]
Throgmorton, one of the UK’s largest hedge fund accountancy and back office service providers, has announced a major hire in Neil Oliver, formerly a senior director with Ernst & Young and a tax consultant with over 20 years’ experience advising the investment management sector. Neil will facilitate Throgmorton’s efforts to expand its client base in the hedge fund, private equity […]
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 […]
Jed Alpert, Managing Director of Global Marketing at PerTrac, recently provided StreetID with his top five tips for emerging hedge fund managers: “One is focus on performance. It’s going to be the most important thing you can do. Make sure that you are performing as well or better than your peers.” “Make sure you understand what are the criteria that […]
PerTrac, a provider of analytics, reporting and communications software for investment professionals, released a new report this week detailing the success of hedge funds during years in which the entire sector posted negative performance results. After taking a look at small hedge funds (where assets under management were less than $100M), medium-sized entities (with AUM between $100M and $500M) and […]
Everyone knows the name Bernie Madoff. But very few people know the true story behind his deceptive Ponzi scheme. “A lot of people don’t know this but Bernie Madoff was not a hedge fund,” Mitch Ackles, President of the Hedge Fund Association and CEO of Hedge Fund PR, told StreetID. “Bernie Madoff was a broker-dealer — a regulated entity. He […]
In the first article in this series, I gave you an overview of Fund of Funds. In this section we discuss the Benefits and Drawbacks. Read Part 1: Types of Funds of Funds Benefits of Fund of Hedge Funds Why should I let someone else choose for me? There are highly touted benefits to investing with fund of hedge fund […]
Bloomberg TV: Is 2013 the Year for a Long/Short Equity Comeback?