Hedge Funds Back on the Map

After being scared off from hedge funds in 2008 when the financial world imploded and investors couldn't get their money back, wealthy individuals are again investing.

As a result, funds are hiring sales staff, Robert Olman, founder of New York-based search firm Alpha Search Advisory Partners, told Financial News. "Searches have gone from almost nothing to multiple demand and where someone is right for the role there can be multiple bidders for their services," he said.

Earlier this year, Olman told FINS that hedge funds also want to hire risk managers. They want chief risk officers and risk staffers with three to 10 years of experience working in financial services, in operations management or in risk.

Now that 15 banks are being investigated for Libor rigging, it's unlikely demand for risk managers will let up soon.

In Charge (Bloomberg)

Barclays needs a capable leader who does not resemble a certain valuable precious gem. So anyone with the last name of Sapphire, Amethyst or Emerald need not apply.

Keeping Their People (On Wall Street)

Merrill Lynch is trying to hold onto its advisers by revamping its training program. Happy advisers are sedentary advisers who won't jump ship.

Wall Street Slump (Reuters)

When Wall Street hurts, so do the recruiters. One large international recruitment firm is having a tough time due to slow business.

Diversify (Bloomberg)

Don't put all your retirement eggs in your employer's basket. When the firm's stock depreciates, so does the value of your portfolio.

The FN100 (Financial News)

Here are this year's most influential people in European capital markets. Perhaps unsurprisingly, regulators are at the top of the list.

Follow the German Lead (At Work)

Somehow Germany's got it all figured out. In addition to ample vacation time, companies let employees take several days to go enhance a skill or knowledge base, even when it includes learning Mandarin in China.

Buzz Around the Office

Zuckerberg Owes Fan a Beer (Yahoo Sports)

An inattentive San Diego Padres fan was forced to ice down with a beer last week after being drilled in the chest with a foul ball. His excuse? He was updating his Facebook status.

List of the Day: Be Honest

Here's how to tell someone something they don't want to hear.

1. Give it to them straight. Don't sugarcoat.

2. Make sure you're getting it right. It looks bad to recant.

3. Refer to anonymous sources to make your point.

(Source: MoneyWatch)