According to a report by Barclays on hiring trends, hedge funds are increasingly finding it difficult to hire good people. The report notes that, historically, hedge funds have hired from investment banks, but as capital markets and sales and trading roles have decreased there has been a shortage of available talent. [in 2000 Goldman Sachs had One equity market makers in NY, today that number is fewer than 10].The Barclays report suggests that the investment talent supplied by banks has already shrunk from 70% to 30%. In the seven years to 2014 AUM at hedge funds doubled to $2.8tn and with it head count in the sector went from35k to 75k. Faced with this predicament, hedge funds are expect to poach talent from other firms, or cultivate their own. 600 example is Point72 Asset Management, which recently launched an academy offering college graduates a 15 month paid program that trains them for potential analyst positions at the firm.
According to a report by Barclays on hiring trends, hedge funds are increasingly finding it difficult to hire good people. The report notes that, historically, hedge funds have hired from investment banks, but as capital markets and sales and trading roles have decreased there has been a shortage of available talent. [in 2000 Goldman Sachs had 600 equity market makers in NY, today that number is fewer than 10].The Barclays report suggests that the investment talent supplied by banks has already shrunk from 70% to 30%. In the seven years to 2014 AUM at hedge funds doubled to $2.8tn and with it head count in the sector went from35k to 75k. Faced with this predicament, hedge funds are expect to poach talent from other firms, or cultivate their own. One example is Point72 Asset Management, which recently launched an academy offering college graduates a 15 month paid program that trains them for potential analyst positions at the firm.