Recruiter – Pressure on banks to limit and defer bonuses and pay only a small percentage in cash enabling hedge fund start-ups to poach key IT staff from the banking sector, according to technology staffing specialist ReThink Recruitment.
ReThink Recruitment reports it has recently placed IT professionals with hedge funds on £80,000-£100,000 basic salary plus a 100% guaranteed bonus nearly twice their previous level of remuneration. The group adds that this level of compensation is increasingly common among start-up hedge funds.
