Sunday, 29 March 2015
Last updated 1 day ago
Jan 26 2009 | 12:13pm ET
Despite the downturn, hedge funds are still a major force in the U.K. economy. The British hedge fund industry currently employs an estimated 40,000 people, according to the Alternative Investment Management Association.
AIMA estimates that the number of people employed directly by hedge funds and funds of hedge funds is about 10,000, while there are also at least 30,000 jobs among the industry’s advisers and service providers, such as prime brokers and legal and accounting services that are dependent on the industry.
AIMA’s research manager Tom Kehoe said these figures are conservative estimates of the industry’s overall workforce.
“The hedge fund industry is a major part of the financial services sector of the U.K. economy and it does contribute substantially in terms of employment figures,” said Andrew Baker, chief executive of AIMA.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…