โThe world of investment management is vast, and the mixed success of various strategies and asset classes over the last year means that the current hiring landscape and emerging talent trends are equally as varied and complex.
The public markets have witnessed a general shift of talent from single managers & long-only's to platform hedge funds, who were able to weather the storm of tougher market conditions and offered attractive guaranteed compensations.
While long-only equities did not perform, and hiring activity in H1 has been relatively low, long-short equities are rebounding,especially in sectors like semiconductors and emerging markets like and Japan.
Event driven strategies had a strong start to 2024 due to an uptick in M&A and IPO activity, leading to an increase in hiring for managers with coverage spanning broader than pure merger arbitrage, with a focus on leveraging opportunities across the entire capital structure. โ
Macro strategies are expected to bounce back this year, leading to an increased demand for strategists and economists, while credit strategies remain popular, particularly in high yield and distressed/special situations.
Private credit is growing as an alternative to high interest rates from traditional banks, with a focus on business-critical roles and senior positions to enhance performance in a more balanced market.
With higher interest rates hindering capital deployment, real estate has instead focused on asset management, with a rebound anticipated in private equity deal flow, with firms prioritising hiring and value creation in portfolio companies.
Secondary and co-investment sectors saw significant growth in the previous year and are further expanding, likely attracting talent inflows in 2024 for further expansion.
Despite fluctuations due to interest rates, infrastructure has proven its resilience and continues to require domestic capital for specific projects, notably in the energy transition and data sectors.
Capital raising from the private wealth sector is rising, driving growth for GP firms focusing on this area. Demand for talent in private wealth management is expected to continue as firms expand into this sector.
The Future of Financial Services in Europe 2024
โ Learn more about the investment management landscape in Europe in 2024 in our recent report, 'The Future of Financial Services in Europe'. In this report, experts from Selby Jennings in Europe assess the hiring landscape across key financial services sectors, offering guidance to help organisations address the most critical challenge facing business leaders today: finding and securing the right talent. |  |
โDownload the report:
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