With the markets at a standstill again for the first time since 2010, hedge funds are giving traders the boot at unprecedented rates. The same environment that gives stability to the world of commercial banking causes hiring freezes and layoffs in the world of hedge funds.
Traders have an especially difficult problem finding new employment because of their unique situation. Their skill set is very unique and only do it in particular situations. Hedge fund traders cannot move into commercial banking; they are simply two different worlds. It is also a game of politics as well. If a hedge fund … Read the rest