Alternative Asset Management
Here's Where to Look For NewsRead the rest of this entry »
In the fast moving world of alternatives, one of the challenges is not just staying on top of the financial news, but trying to be ahead.
There’s no shortage of information. Fund managers employ highly-paid analysts using sophisticated computer programs and artificial intelligence to sift through the firehose of news and data to detect actionable patterns and trends.
But when professionals (and more than a few investors) look for news …
Silver Lining For Hedge Funds In Market ChaosRead the rest of this entry »
As financial markets worldwide continue to slowly push up from their March collapse, hedge fund investors are experiencing less of a ride and in some cases are seeing strong positive returns.
Hedge funds overall are down an average of 4.6% for the year through late April, according to a Reuters report. That contrasts with the S&P 500 which was down 10% for the same period.
More than a few managers …
Banks, Asset Managers Begin Hiring AgainRead the rest of this entry »
Amidst a volatile stock market that's seen more ups and downs -- more ups than downs in the last few weeks -- than a roller coaster, more than a few banks did so well in the first quarter some have resumed hiring while their employees are beginning to anticipate year-end bonuses.
"As the pandemic persists, there are signs that banks are biting the bullet and going ahead with interviewing and …
Virus Stalls Global IPO ActivityRead 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 …
How to Build a Resume For a Career In BankingRead the rest of this entry »
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. …
A 10-Step Strategy to a Hedge Fund CareerRead 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 …
J.P. Morgan Foresees Moderate Growth, No Recession In 2020Read 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 …
More Women In Assets But Senior Levels LagRead 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 …
Banking's Parties Just Aren't So Much Fun AnymoreRead the rest of this entry »
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 …
The Myth of the Million Dollar Data ScientistsRead 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. …