Emerging Jobs: Emerging Hedge Funds Offer Best Job-Seeking Prospects, Says Recruiter; Silicon Valley Bank Seeks Director For Emerging Manager Practice

A roundup of the latest job postings and trends from emerging managers

Emerging hedge funds best prospect for job-seekers?

Should hedge fund job-seekers be looking at emerging funds? Absolutely, says one recruiter, who thinks they offer the best prospects to those looking for jobs in the hedge fund industry.

Richard Risch, CEO of the Risch Group, tells Business Insider:

The big guys are seeing redemptions at a record rate, so hiring in that sector is non-existent or extremely limited. Today I would (and do) tell candidates looking in the hedge fund space to focus on the emerging manager segment. It is also the only segment of the industry we are seeing search work from today.

“Base pay is always lower at emerging managers, but could very well include equity. In one case a few years ago, an emerging manager took off, was sold and a couple of people received an eight-figure payout. As far as strategy, it seems the only ones consistently receiving net new institutional flows are systematic equity market neutral funds.”

Silicon Valley Bank seeks director for emerging manager practice

Silicon Valley Bank is looking to hire a managing director for its emerging manager practice in New York City.

Job description:

The role is part of SVB’s Venture Capital Relationship Management team, and involves being a value-added partner and trusted advisor to founders and General Partners of new and emerging venture firms in NYC. The role also involves bringing the entire value of the SVB platform to help these partners be successful and grow their firms.

Apply here (via LinkedIn) or here.

Bank of America looking for senior analyst to identify emerging hedge funds

Bank of America is looking for a Senior Analyst, Hedge Fund Manager Research. The candidate will monitor and evaluate hedge fund investments, including emerging hedge funds, for the bank’s wealth management division.

Apply here.