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Thursday, July 11, 2013

Fundsters Are Bullish About Hiring

News summary by MFWire's editors

More investment management executives say they plan to hire people within the next year, while nearly half have hired more staff already, according to a recent survey by KPMG, writes FINS' Natasha Gural.

Rising revenues and growth prospects in the U.S. and Asia-Pacific have helped encourage more hiring, with 81 percent of execs representing mutual funds, hedge funds, PE funds and others, saying revenues have gone up. That's a significant rise from 60 percent last year.

Their belief that next year will be better is higher at 84 percent from 69 percent last year. Forty-six percent of executives said headcount has gone up this year so far and 48 percent say they may hire in the next year.

To read more, click here.  

Edited by: Casey Quinlan

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