Wall Street Girds to Pay More for Commodity Specialists

Wall Street girds to pay more for commods talent Fri Jul 17, 2009 1:58pm EDT (excerpt) NEW YORK (Reuters) - Wall Street, where hundreds of commodity traders lost jobs last year as the recession set in, is on a new hiring phase where banks and hedge funds want to pay top dollar but only to a few, highly productive people. "Whilst clients throughout the spectrum ranging from banks to hedge funds continue to place a higher priority on risk management, more are showing interest in proprietary trading that uses the firm's money to place bets," said George Stein, managing director at Commodity Talent, a New York headhunter. (More at www.CommodityTalent.com/News--and--Events.php