Britain’s fund management businesses have been hit by a spate of key players joining new firms in recent weeks in what recruiters say may be a sign that the fund job market is emerging from thedoldrums.<\/p>\n
Companies such as Schroders, Insight Investments and Edinburgh Fund Managers have seen fund managers quit, while youthful firms like ISIS Asset Management have been snapping up fresh talent.<\/p>\n
The moves may suggest Britain’s financial jobs market, still reeling from the three-year bear market in stocks, is showing signs of life although conditions remain tough, say recruiters.<\/p>\n
The City has seen an estimated 35,000 finance professionals across different sectors lose their jobs, a fall of about 10 per cent in two years, according to the Centre for Economic and Business Research (CEBR).<\/p>\n
Recruiters say although some fund managers still have to cut costs, the worst of the job downturn may be over.<\/p>\n
‘We have seen a notable increase in business in the last eight weeks. There has been a sea change. People are interested in getting good people on board,’ said one headhunter for a large City recruitment firm,.<\/p>\n
The fund management business, seen at one stage as a bright growth spot, has become much tougher as equity markets tumbled and margins became squeezed.<\/p>\n
Much of Britain’s fund management industry is based in the City, although a sizeable chunk is also located in Edinburgh with other firms scattered elsewhere.<\/p>\n
Recruiters say although some traditional asset class areas such as equities have seen a fall-off in demand for talent, new specialities such as hedge funds, multi-manager businesses and real estate investment are becoming hot spots for recruitment.<\/p>\n","protected":false},"excerpt":{"rendered":"
Britain’s fund management businesses have been hit by a spate of key players joining new firms in recent weeks in what recruiters say may be a sign that the fund job market is emerging from thedoldrums. Companies such as Schroders, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-821","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=821"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/821\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}