Hedge funds hiring again after downturn

Reuters reports:

Hedge funds and bank trading desks are hiring again after the downturn and have already snapped up some of the most talented managers dislodged while firms struggled in the credit crisis, industry insiders said.

Hedge funds endured a tough 2008 that saw nearly 1,500 portfolios close last year, according to Hedge Fund Research, as performance slumped and clients pulled out cash.