The Hedge Fund Jobs Report is produced by HFObserver, a
hedge fund career network for experienced alternative
investment professionals that connects members directly
to opportunities. HFObserver also provides career news,
resources and expertise.
The service was launched in 2011 by Claude Schwab.
Previously, he was an executive at Heidrick &
Struggles International, which acquired his boutique
recruiting firm, Schwab Enterprise, in 2008.
This month's top
Family Office in PA - Hedge Fund Analyst
$6bn+ NYC Hedge Fund – Fixed Income PM
SoCal Alternatives Firm – CCO
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By Claude Schwab
Thinking of changing cities to land your next hedge fund
If you expect New York, Greenwich and Stamford to be among the
Top 5 Cities seeking and hiring seasoned hedge fund talent in
2011, you’re headed in the right direction. These
three Northeastern burgs have a
'Harvard-Princeton-Yale’ lock in the Top 5
Top 5 U.S. cities seeking hedge fund
»» 1. New York
»» 2. Chicago
»» 3. Boston
»» 4. Dallas
»» 5. Stamford, Greenwich, Westport (tie)
New York funds were far-and-away the most active in seeking and
hiring experienced hedge fund talent. Given the sheer number of
large funds and the industry-leading assets managed in New
York, this comes as no surprise. According to recent industry
estimates, approximately 41% of global hedge fund assets are
managed from New York and about 45% of hedge funds managing $1
billion or more are in located in the city.
In our Top 5, Chicago, Boston and Dallas all beat out the
Connecticut entries of Greenwich, Stamford and Westport, which
came in at fifth place in a neck-and-neck three-way tie. Taken
together, however, our Connecticut trio is a hiring powerhouse.
After New York, Connecticut has the second largest number of
funds managing $1 billion or more and ranks third in the world,
after London, according to industry estimates.
Meanwhile, for hedge fund hiring purposes, Westport may as well
be re-named Bridgewater, the mega-fund which has its
multi-campus headquarters there. According to recent industry
rankings, Bridgewater is the largest hedge fund in the
Chicago is home to a cluster of large funds, led by Citadel,
that have been actively hiring in 2011. In addition, Chicago
firms were hiring in the fund of hedge funds sector, as well.
According to the May 2011 Eurekahedge Report, funds of hedge
funds saw their first quarter of net positive asset flows since
the first quarter of 2008.
In Dallas, Highland Capital led the hiring charge, as they
looked to fill various personnel needs including
fundraising/marketing, investor relations, investment
professionals (analysts), and—no surprise given the
number of hiring mandates—recruiting.
San Francisco is missing in action and Minneapolis is
San Francisco was noticeably absent from the Top 5 List, but
would have made the cut if one includes the surrounding areas
of Palo Alto, Redwood City and Berkeley.
Minneapolis didn’t make the list either, but
hiring patterns indicate that Minnesota is the new up-and-comer
hedge fund state, with a fistful of firms actively luring
strong senior talent. Pine River Capital, Waterstone Capital
and Whitebox Advisors are all actively hiring in 2011.
Claude Schwab is founder and chief executive of