The Latest in Investment Management and Fund Hiring on the East Coast of the USA

Investment management on the East Coast is thriving, buoyed by optimism in the economy.  The robust performance of US-based funds and investment managers has created a highly competitive hiring market, albeit a concentrated one, with two-fifths of the market being controlled by just three managers. Whether you're a boutique investment manager looking to expand your team or a top private equity firm seeking top-tier talent, understanding the current landscape is crucial.

The East Coast continues to be a powerhouse in the US investment management sector. New York City remains the epicentre, but cities like Boston, and Philadelphia are also making significant strides. San Francisco is the finance capital of the western United States. The market's strength can be attributed to several factors, including economic resilience, strategic financial planning, market understanding and innovative investment strategies. The access to liquid capital also forms a significant part of the puzzle.   

This positive trend has bolstered investor confidence, resulting in increased inflows into various funds and in particular when you add into this the renewed focus on ESG and Sustainable Finance.  Consequently, this success has created a ripple effect, with firms seeking to capitalise on favourable conditions by expanding their teams.

Key reasons for the competitive hiring landscape include:

• High Demand for Skilled Professionals: With the market doing well, there is a heightened demand for skilled professionals who can manage and grow assets effectively as well as ensuring that it is all accounted for and reported on correctly.

•  Increased Compensation Packages: Firms are willing to offer lucrative compensation packages to attract and retain the best talent.

• Focus on Soft Skills: While technical skills are crucial, there is a growing emphasis on soft skills such as leadership, communication, and adaptability. Companies are increasingly looking for well-rounded candidates who can thrive in dynamic environments.

• Commitment to Diversity and Inclusion: The industry is making strides towards building diverse teams, recognising that varied perspectives can lead to better decision-making and performance.
  

What does this mean for businesses looking to build out investment management teams on the East Coast? 

Summary

The investment management sector on the East Coast is experiencing a period of robust growth, making it a highly competitive hiring market. By understanding the current trends and adopting a strategic approach to hiring, businesses can position themselves to attract and retain the best talent.

If you are looking to expand your team and need expert guidance, our firm specialises in investment management recruitment. We understand the nuances of the market and are committed to helping you build a team that drives success.

How Marks Sattin can help you build world-class investment management teams on the East Coast of the US. 

At Marks Sattin, we work with a wide range of investment management firms from boutique through to some of the biggest players in the industry. We collaborate with funds who are looking to find incredible talent, not only for themselves, but their portfolio companies too. If you are a fund looking to hire for your business, please don’t hesitate to submit a brief. Alternatively, if you are a candidate looking for your next financial services opportunity, please review our latest roles.