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Hedge Funds Poach Talent From Weakened Investment Banks Like Bear Stearns

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DealBook   |   July 8, 2008 08:10 AM

Read More: Bear Stearns, Bear Stearns Collapse, Citadel, CQS, Economy, GLG Partners, Goldman Sachs, Investment Banks, JPMorgan Chase, Merrill Lynch, Tudor Investment, Business News

Hedge funds are on a hiring binge, taking advantage of cutbacks at investment banks. Star traders, senior executives and whole teams have been recruited by funds recently as they look to capitalize on the banks' woes for their own expansion, The Financial Times reports.

On Monday Goldman Sachs lost one of its top traders to GLG Partners. Other high-level recruitment from banks has been led by, among others, Citadel, Tudor Investment and CQS, the Financial Times wrote.

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- WorkingClass I'm a Fan of WorkingClass permalink

There go the rats. Next we see the fishes.

    Favorite    Flag as abusive Posted 09:06 PM on 07/08/2008
- WIpatriot I'm a Fan of WIpatriot permalink
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Oh, no, Mr. Bill....

    Favorite    Flag as abusive Posted 10:07 AM on 07/08/2008
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