Hedge Fund Managers Hiring

Hedge Fund Managers Cautiously Resume Hiring

Hedge fund managers are wary about hiring staff again after the financial crisis. But after large job cuts in the industry, it appears that hedge funds are once again hiring. Recent data shows that hiring in the asset management industry increased by 20% in the first half of 2010.

Hiring in the asset management industry increased by 20 per cent in the first six months of the year, compared to the same period in 2009, according to Powerchex, a pre-employment screening company for the financial services sector.

“Asset managers are talking about growing their business again,” says Andrew Evans, managing director at Morgan KcKinley, a financial services recruitment consultancy.

Signs of a UK pick-up also come from a recent survey by PwC and the CBI employers’ organisation, which showed headcount in financial services rose at the fastest pace since June 2008 in the April-June period, the fifth consecutive quarter of expansion. Further rapid growth is also expected during the current quarter. Source

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