Family Offices Seek Hedge Fund Talent

Mar 19 2010 | 9:45am ET

Hedge funds may be salivating at the opportunity to snatch top talent from banks if the Volcker rule becomes law, but they may have a poaching problem of their own.

U.S. family offices are set to step up their recruitment of hedge fund professionals. And those professionals are likely to be receptive, according to a new survey from Hunter Advisors.

Some 90% of the respondents to the recruiting firm’s survey said they would consider taking a job at one of the country’s 300 to 500 family offices, despite the lower pay.

“They’ll make the jump because of the stability,” Greg Coules of Hunter told Reuters. “Also, the culture and the lifestyle at these big institutions is tough.” Family offices offer “a much more genteel environment.”

The Volcker rule would bar banks from owning, sponsoring or investing in hedge funds.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of