Hedge Fund Dream Job Is Vanishing
- Fewer firms, passive investing, less research mean fewer posts
- Experienced workers are most expensive, hence ‘juniorfication’
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After 30 years in finance, David Goldburg’s dream was fading.
His resume was good. Goldman Sachs prop desk. Managing money for Michael Milken. He tried to start his own hedge fund. His timing was bad. It didn’t work.