Hedge Funds Talent Shift
Hedge Funds Talent Shift Before Regulatory Changes
"Huge anticipation around regulations including the Volcker Rule will have ramifications for the rest of 2010 and beyond," says Mr. Edwards, Global Head of Financial Services and U.S. Hedge Fund Sector Leader with Heidrick & Struggles.
The report examines hedge fund talent trends as the sector recovers from 2008, even as current market instabilities threaten some of the growth. The report's authors also identify industry-changing factors, such as the Volcker Rule, that will affect hiring not only over the coming months, but for years to come.
"The first half of 2010 saw a much healthier hiring market than last year, but there remain a lot of fresh wounds from 2008 that have re-opened during the recent bearish trends," says Chad Astmann, the head of Heidrick & Struggles' North American Asset Management Practice and a co-author of the report. "Money is flowing into funds -- but cautiously. We are already seeing a shift in where talent is needed, and where it is landing." Source