Hedge Funds Pounce on Investment Banking Professionals

An article in HedgeWorld News notes that the recent job turmoil on Wall Street has created a golden opportunity for established hedge funds to attract traders and other investment banking professionals to their ranks. With the recent demise of Bear Stearns and the overall employment uncertainty on the Street, many professionals who may have once shunned positions with hedge funds are now giving them a closer look. In addition, as hedge funds grow in size, they often need to build client services teams to meet the expectations of their larger, institutional investors. Cherry-picking top traders, equity analysts and researchers from investment banks that may be downsizing is a quick way for hedge funds to scale up their operations.

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