Ableton Forum

Thank. Fuck. For. That.

The worst thing you need right now is unemployment, but I've somehow managed to land the job I was hoping to get at one of the most successful hedge fund companies in London - the relief is enormous given the current situation with the big investment banks.

I think I can feel a beer coming on.

Wierd, I was just coming on here to moan about how sick I am of looking for jobs - congrats!

PS spare some change guv'na?

Northern Monkey => Southern Twat

Well done. Good luck and all.

Cheers lads, it really is huge relief, I almost feel like I've beaten the odds in the current climate.

NorthernMonkey wrote:The worst thing you need right now is unemployment, but I've somehow managed to land the job I was hoping to get at one of the most successful hedge fund companies

The way global economy seems to be going you'll be out of your job next week.

Good news mate.

Was looking a bit bleak a few weeks back.

I trust this will not effect your usual sardonic wit and repoir?

(They may even let tha tek t'whippet t'work too if yer lucky!)

enjoy the beer.

LeifonMars wrote:

NorthernMonkey wrote:The worst thing you need right now is unemployment, but I've somehow managed to land the job I was hoping to get at one of the most successful hedge fund companies

The way global economy seems to be going you'll be out of your job next week.

Successful hedge fund companies tend to do well in volatile economic conditions as they are one of the few options open to wealthy private investors; they are also usually very well managed and reactive whereas investment banks tend to be huge lumbering organisations that do not react well to change - they are analogous to a fat kid drowning in a pool of shit right now.

mjl5629 wrote:I just graduated with a degree in finance. I applied to a bunch of analyst training programs offered by investment banks in NYC.

Given the current economic situation I'm not too optimistic.

Do you have any recommendations on how or where I can get my foot in the door?

I can't give you any advice regarding 'where' as I live in the UK, but this is my usual approach:

1. Create account on JobServe and upload CV;
2. Every night run job searches and apply to EVERY position that seems suitable (most job descriptions are too vague to get a good idea of the exact type of work anyway);
3. Next morning answer calls, reply to emails, do interviews (if you have any!);
4. Repeat until employed.

Don't know if it will work for you, but I basically do the above until my CV is with enough agents that I get 10-15 calls a day (and also using JobServe means my CV is always available to agents using the service - they perform CV searches and get matches immediately). Anyways, good luck, there's always work out there for the right candidate.

What role are you performing for the fund?

he's an executive jizz-receptacle.

selthym wrote:What role are you performing for the fund?

Middle-office senior developer/architect (I avoid front-office like the plague), mainly designing and coding the financial trading systems, all .NET/SQL Server. Should be interesting, hedge funds companies are very secretive about their investors and investment methods so I might learn a few new tricks.

Bully for you old chap, but are you sure you should be on here gloating about starting work for the kind of super wealthy amoral arseholes, who take on the debts of failing companies, asset strip and force their employees on to the dole, in order that they they can make a quick profit.

From the New Statesman:

"Naturally, it is possible to argue that to the brave go the spoils. If hedge-fund investors are prepared to take the risk, why shouldn't they reap the rewards? If they live by risk, they should be allowed to die by it, too - in January the Eifuku Fund, based in Japan, lost $300m in a week.

This argument might hold water if hedge-fund gam- bling were purely a private matter. It isn't. When Enron, the huge US energy trading company that had increasingly relied on risky hedge-fund investing and leverage, collapsed in 2001, 4,500 people lost their jobs and more than $1bn of their pensions. Some $60bn was wiped off the value of US stock markets".


Good luck in your new job but you should find it difficult to sleep at night.

congrats!!

jimmyalba wrote:Bully for you old chap, but are you sure you should be on here gloating about starting work for the kind of super wealthy amoral arseholes, who take on the debts of failing companies, asset strip and force their employees on to the dole, in order that they they can make a quick profit.

From the New Statesman:

"Naturally, it is possible to argue that to the brave go the spoils. If hedge-fund investors are prepared to take the risk, why shouldn't they reap the rewards? If they live by risk, they should be allowed to die by it, too - in January the Eifuku Fund, based in Japan, lost $300m in a week.

This argument might hold water if hedge-fund gam- bling were purely a private matter. It isn't. When Enron, the huge US energy trading company that had increasingly relied on risky hedge-fund investing and leverage, collapsed in 2001, 4,500 people lost their jobs and more than $1bn of their pensions. Some $60bn was wiped off the value of US stock markets".


Good luck in your new job but you should find it difficult to sleep at night.

I think you've missed the point - your quote is referring to public companies relying too heavily on hedge fund returns; it's their choice to invest, they weren't forced into it. Enron fucked up, simple as that.

"are you sure you should be on here gloating about starting work for the kind of super wealthy amoral arseholes, who take on the debts of failing companies, asset strip and force their employees on to the dole, in order that they they can make a quick profit" - what the fuck are you talking about? You clearly know absolutely nothing about hedge funds.

And for the record, there's no gloating, I'm just very relieved to have found a good job (after being recently ejected from my previous position with no warning) with a successful company when the odds suggested otherwise.