Each business day HedgeCo.Net keeps you informed with the top hedge fund industry news, opinion and insight from around the globe. From the latest hedge fund launches, to the impact of regulation, competition, and investor activism - we track the topics and people that make a difference to you.
eFinancialCareers UK – Times are still not good for junior quants and mathematical PhDs who aspire to work in investment banks. With banks pulling back from complexity, there’s less need for their talents.
Mark Davis, a professor of maths at Imperial College, says lots of his students still want to work in finance, but they’re also being forced to contemplate defence, pharmaceutical work, and the consultancy branches of accountancy firms.
One recruiter says quants who can’t get into financial services are also to be found in “systematic gambling” at the likes of Betfair and Ladbrokes, where they analyze data in the same way hedge funds do.
Reuters – Star commodity traders, once synonymous with high-profile banks, are leaving for little-known investment firms that let them work and earn in ways iconic Wall Street firms no longer can.
The financial crisis and its amplifying threat on risk taking, bonus and pay at major financial institutions is causing big names like Goldman Sachs and Morgan Stanley to lose some of their best commodity talents to relatively obscure hedge funds — even start-ups — that promise more.
Reuters – Star commodity traders, once synonymous with high-profile banks, are leaving for little-known investment firms that let them work and earn in ways iconic Wall Street firms no longer can.
The financial crisis and its amplifying threat on risk taking, bonus and pay at major financial institutions is causing big names like Goldman Sachs and Morgan Stanley to lose some of their best commodity talents to relatively obscure hedge funds — even start-ups — that promise more.
