Hedge Fund Jobs Available, While Supplies Last
Another investment firm that might be in the market for some more employees is Blackstone, whose fund of funds portfolio rose 25 percent to $25 billion during the first half of the year. (Birthday Basher Steve Schwarzman's Blackstone has come a long way from the $872 million loss it posted last year.)
In other big hedge funds news, Paulson & Co. apparently is placing a monstrous bet on the “One-Dollar” Pandit and the rest of the Citi kids, recently buying up 2 percent of Citigroup’s shares. Already, Johnny “His Name Is Robert” Paulson is one of the largest holders of Bank of America stock, meaning he's pretty certain Citi and BofA shares are severely undervalued.
Hedge funds have been killing it in the first half of the year and, as a result, have been beefing up their staffs. According to Reuters, big funds like Citadel, Tribridge and Artradis have recently increased headcount, hiring high-priced talent that had been sacked when markets went south. Marketing positions are currently the most wanted; trader and fund manager slots are also being filled.