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Careers in hedge funds: Job market alive and kicking

Date: Tuesday, January 6, 2009
Author: Euromoney.com

Investment bankers out of a job might do well to consider a career in alternative investments in 2009. Despite media coverage highlighting investor redemptions and poor performance, data collected by Job Search Digest imply that there are plenty of opportunities to join hedge funds and private equity firms. "There is still a strong flow of private equity and hedge fund hiring. Those doing OK are looking to hire but the number of people applying has diminished," says David Kochanek, president of Job Search Digest, which polled hundreds of hedge fund managers and employees in the US and UK over summer 2008. The reduction in applications could be because people believe there are fewer opportunities and so have ceased looking.