How many hedge funds have cancelled SA positions?
IB
Tags:
(Senior Monkey, 98
Points)
on 1/17/09 at 2:02pm
I received many offer for preliminary interviews but before I can interview, many hedge funds are pulling out.





I had one FT position freeze
I had one FT position freeze on me and they had AUM of 5 billion. Good luck bud markets arent great for HF's.
We cancelled this year's SA program
Using a sports analogy, this is a "contract year" for a lot of funds after last year's pummeling. This is the year to right the ship and outperform or face the redemption guillotine.
From a hiring standpoint, people are hunkering down until there is better visibility in the market. It's tough to recruit when many funds aren't even quite sure what their budget is going to look like in 12 months.