Archive for June, 2007

Growing Demand for Money Managers with Expertise in Socially Responsible Investing

Thursday, June 28th, 2007

In the investment world, taking responsibility for environmental and social issues has never been more popular.  Money managers are tackling what’s known as “Socially Responsible Investing” or SRI.  It turns out that poverty, obesity, the aging population, clean water and global climate change are not only among the world’s most pressing problems, they’re also attractive [...]

Pension Funds to Seek Risk and Valuation Professionals Amid Hedge Fund Woes

Tuesday, June 26th, 2007

Trouble at two Bear Stearns hedge funds is sending shockwaves through the markets and raising a red flag for many investors, particularly pension funds.  Financial statistics show that pension plans now outpace high net individuals with respect to hedge fund investing.  Now more than ever, pension fund decision-makers must ensure that their due diligence is [...]

ETFs: The Wave of the Future?

Friday, June 22nd, 2007

Word on The Street is that exchange-traded funds are the wave of the future.  Over the past several years ETFs have become some of the most actively traded issues on the NYSE.  Last month, ETF assets surged by a staggering $20 billion to $480 billion, according to State Street Global Advisors.  ETF Guide reports that [...]

No Shortage of Financial Services Jobs Amid Subprime Meltdown

Thursday, June 21st, 2007

A wave of delinquencies and defaults by subprime borrowers has already sent several mortgage companies into bankruptcy.  Now lenders, hedge funds and investment banks are all bearing the brunt of the subprime meltdown.
Citigroup, HSBC and Countrywide Financial have boosted estimates of losses and warned against credit troubles.  Lehman Bros., an investment bank which packages mortgages [...]

Contingency Recruiters vs. Retained Search Firms

Wednesday, June 20th, 2007

As competition for top financial services opportunities grows, the job search and hiring process becomes increasingly demanding.  The process is further complicated by the fact that companies looking to hire management and professional talent have the option of using contingency recruiters, or a retained executive search.  While it may seem like the primary difference between [...]

130/30 Strategies Gain Popularity Among Investment Managers

Tuesday, June 19th, 2007

Betting against stocks has never been more popular.  Short interest on the New York Stock Exchange hit 3.1 percent of all listed shares in May, the highest level since 1931, according to the research firm Bespoke Investment Group.  So, what has caused the number of short-sellers to multiply so dramatically during the last year?  The [...]

Alternative Fuels Becoming More Attractive to Investors and Top Talent

Wednesday, June 13th, 2007

Venture capitalists who helped finance Silicon Valley’s technology boom now see opportunity in energy and alternative fuels.  One financial services industry veteran who is currently a recruiter for A.E. Feldman says the sector is only going to get hotter.  ”Alternative fuels is a very big sector right now.  Very few people understand this business yet, but [...]

Asset-Backed Securities Triggering a Wave of Hiring

Tuesday, June 12th, 2007

Asset-backed securities are accounting for a greater share of banks’ and non-bank financial institutions’ profits, triggering a wave of hiring.  The financial services industry has become more reliant on the business of turning mortgages and non-mortgage term asset-backed securities into complex structured products to generate a significant share of their profits.  In fact, the Financial [...]

Hedge Fund Surge Sparks Whirlwind of Hiring Among Prime Brokerages

Friday, June 8th, 2007

The proliferation of hedge funds has caused an increase in not only the regulatory demands on the industry, but also competition among prime brokerages.  Hedge funds are looking for more from their prime brokers, which have become a major source of revenue for many leading investment banks.  Carol Schwam, CEO of A.E. Feldman, says the [...]

Investment Boom Driving Demand for Emerging Markets Expertise

Wednesday, June 6th, 2007

An investment boom in emerging markets that began five years ago still hasn’t run out of steam.  According to the Emerging Markets Private Equity Association, private equity funds increased the amount raised for emerging markets ten-fold over the past four years.  The group says private equity firms raised a record $33.2 billion for emerging markets [...]