Equities and
Multi-Asset
Compensation
Guide

Our key findings

• The sell-side has continued to see a focus on efficiency and cost-cutting, with consolidation and restructuring being the consistent theme in 2023/4.
• Multi-manager hedge funds remain the one buoyant segment in the market, with a 20% increase in hiring at the Analyst level. However, recruitment efforts have become noticeably more targeted.
• Turbulent long-only performance has resulted in a demonstrable slowdown in recruitment needs as funds get squeezed between passive and long-short funds. 
• Fund of funds recruitment has been relatively stable, with a particular uptick in moves from investment consultancies, reflecting the broader changes in the pensions landscape.

• Hiring diverse talent in long-short funds remains a key strategic priority and we have seen a concentrated effort by multi-manager funds to encourage more female participation in the sector, especially at graduate and junior levels.