Friday, October 8, 2010

D.E. Shaw Firing, but other Top Hedge Funds are Hiring

Last week, hedge fund job seekers received unwelcome news when industry giant New York-based hedge fund manager D.E. Shaw & Co. announced that it was cutting 10 percent of its workforce, representing approximately 150 hedge fund industry jobs. Despite the layoffs at David Shaw’s quant shop, many other prominent hedge funds continue to hire.

As evidenced by HedgeTracker’s Hedge Fund Job Center, a large number of firms are looking to add talented portfolio managers, research analysts, fund raisers and operations professionals to bolster their teams. Some of the major hedge fund firms that appear on the hedge fund job board include: Steven A. Cohen’s SAC Capital Advisors, David Harding’s quantitative focused Winton Capital Management, multi-strategy behemoth Fortress Investment Group, Clint Carlson’s Dallas-based Carlson Capital, HBK Investments, and OakTree Capital Management.

The hedge fund job board also includes positions from more traditional investment managers, like Martin J. Whitman’s value-focused Third Avenue Management, Bill Gross’ fixed income focused PIMCO, Mario J. Gabelli’s GARP focused GAMCO Asset Management, and pension giant TIAA-CREF Investment Management.

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