Reuters – Boutique investment firms and top hedge funds are slowly lapping up the cream of global banking talent as the financial crisis forces banks to cut staff and limit the pay of their top risk-takers.
From Singapore to New York, leading traders and sales honchos are making the switch as government pressure piles on Wall Street and European banks to cut multi-million-dollar bonuses.
"The firms that still have a lot of assets under management, the hedge funds that have not been hit by redemptions, they are still picking up some of the money-makers from the big banks," said Pernille Storm at executive search firm Hudson in Singapore.
Singapore’s largest hedge fund, Artradis, said this month it had hired a high-profile risk trader from RBS
