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TRANSLATION ~>re Recovery Sign: Hedge Funds, Trading Desks Are Hiring Again
Trillions of big funds are all in the markets and need to unload those to someone else.
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Recovery Sign: Hedge Funds, Trading Desks Are Hiring Again
Reuters
| 26 Aug 2009 | 10:49 AM ET
Hedge funds and bank trading desks are hiring again and have already snapped up some of the most talented managers who were dislodged while firms struggled in the credit crisis, industry insiders said.
Hedge funds endured a tough 2008 in which nearly 1,500 portfolios closed, according to Hedge Fund Research, as performance slumped and clients pulled out cash.
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