Finance Fund Management market update
After a slow start to 2009 across the investment markets, with redemptions issues from Q4 and value drop off in several funds, we saw a slight increase in activity going into Q2. The majority of hiring across this space seemed to be within boutiques and funds that weren’t hampered by headcount freezes or due to redundancy programmes effecting large organisations. We have seen some key replacement hires but unfortunately the trend to date has been for reducing headcount across teams.
The market saw some stability and consistency coming into Q3 and we have noticed a change in sentiment and approach in certain asset classes, gradually manifesting in selective hiring across different levels within the back/middle office functions. This has mainly occurred in the distressed markets and macro-strategies, whilst conditions within listed equities and real estate remain challenging.
There is still a common underlying concern that the markets will continue to be challenging and potentially volatile which may affect potential hiring plans and ambition going into 2010. However, this will be tempered by the asset class and investment strategy which the client operates in, so there are and will be clients with an appetite and need to hire.
Watch this space!
Take the initiative: browse vacancies on our website, find your local office or speak to a Finance Fund Management consultant.
