Opalesque Industry Update – Headhunting firm Carrington Fox predicts decline of candidate placements in Hedge Fund space as regulations tighten and banks offer securer salary propositions.
The historical trend of Hedge Funds acquiring talent from Financial Institutions could be reversed going into 2011, as new regulations for Alternatives come into play. Banks are now seen by many as “a more stable option,” according to a leading financial services firm in both sectors, Carrington Fox. “Compensation issues will be replaced by bigger salaries for candidates hoping to work in banks,” says Nicholas Wells, one of the firm’s Directors.
