Alternative Asset Management
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Virus Stalls Global IPO Activity
Read the rest of this entry »IPO activity that was on track to regain the momentum of the first quarter of 2018, may now end 2020's Q1 just slightly better than last year.
EY's quarterly Global Trends Report says the quarter ending today will show no more than 235 IPO deals. Better than 2019's 211, but far short of the 323 reported in 2018. The dollar value also pales in comparison: $28.5 billion this year versus ...
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How to Build a Resume For a Career In Banking
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Across the nation, accounting, finance and business majors are locking in this summer’s internships. Some were lucky enough to accept offers in the fall. Most are doing that now.
There’s one group, however, that is looking ahead to summer 2021. Those are the undergrads intent on a career in investment banking, where internship recruiting by many of the largest banks and firms starts earlier than almost any other industry sector. ...
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A 10-Step Strategy to a Hedge Fund Career
Read the rest of this entry »A career in alternative assets can be personally rewarding in a way few other jobs are. Besides meeting and working with remarkably smart go-getters and learning an industry that can influence global economic policy, it is also one of the most financially lucrative.
Getting in the door, however, can be as difficult as being accepted at an Ivy League school. Investopedia understatedly describes it as "no cakewalk."
For those committed ...
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J.P. Morgan Foresees Moderate Growth, No Recession In 2020
Read the rest of this entry »Predicting 2020 "will be a year of moderate global growth and contained inflation, with risks skewed to the downside," J.P. Morgan Asset Management last week released its second annual Global Alternatives Outlook.
The report offers a look across key alternative asset classes over the next year to 18-months, with a focus on hedge funds, private credit, real estate and private equity.
The broad outlook, according to J.P. Morgan, is ...
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More Women In Assets But Senior Levels Lag
Read the rest of this entry »Women in alternative assets are rare. Not quite 1 in 5 employees at all levels are women. At the senior leadership level, the percentage across all sectors falls to just under 12%, with real estate having the lowest share of female executives at 8.5%.
Preqin recently released a preview of its forthcoming report, Women in Alternative Assets 2020, which, the research firm said, "does show some encouraging trends in the ...
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Banking's Parties Just Aren't So Much Fun Anymore
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End of the year bank parties just aren't what they used to.
From flowing Dom Perignon bashes that lasted well into the night, today's affairs end by 10, bemoans an anonymous senior banker. "Just like the share prices of most European banks, Christmas parties have fallen off a cliff," says the pseudonymous Peter Flower.
"What used to be extremely fun events, that brought people closer to their clients and managers ...
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The Myth of the Million Dollar Data Scientists
Read the rest of this entry »By any measure, data scientists earn a good living. Glassdoor puts their average pay at $120,495. The average bonus or additional comp averages $11,742.
But at hedge funds, those numbers don't even come close to what exceptionally skilled data scientists can earn.
Speaking at a conference last spring, an industry recruiting specialist said it's possible for a PhD data professional to earn a million dollar payday. Few do, he admitted. ...
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When Hiring Quants and Analysts, Leave the Resume For Last
Read the rest of this entry »Alternative asset managers are judged on their performance. So why don't they do the same when it comes to judging job candidates?
That's the advice Sham Mustafa, co-founder of quantitative assessment specialist Correlation One, gave to a London quant conference last week. "Don’t look at the resume, look at the performance,” eFinancialCareers quoted him as telling his audience.
That might seem like a no-brainer, but Mustafa told the attendees that ...
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Investor Pressure Is Forcing Down Management Fees
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Investor concerns and the lackluster performance of some types of asset funds have have been putting downward pressure on management fees for several years. Now, an analysis from investment consulting firm bfinance shows just how far fees have declined.
Investment Management Fees: Is Competition Working?, issued last week, says fees for funds of hedge funds, are down 28% in just three years, and now average .58%. That asset class ...
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Will Machines Take Over Wall Street?
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"Machines are taking control of investing - not just the humdrum buying and selling of securities, but also the commanding heights of monitoring the economy and allocating capital."
That's how The Economist begins it's cover story on the increasingly important role of artificial intelligence in the world's financial markets. It's a sober examination of how machines have evolved from acting on orders set by traders to analyzing more social and ...
