In the last three trading sessions, we've witnessed substantial movements across the global stock, FX, Crypto and bond markets and it's clear that this may not be the last of it.
A $6.5 trillion global selloff followed by a rebound illustrates the market's erratic nature. As a result, hedge funds are grappling with portfolio adjustments and reassessing risk, impacting their hiring and operational strategies.
As markets experience heightened volatility, many candidates are naturally questioning whether now is the right time to make a move. Should you apply for new opportunities when there's a risk of teams, or worse, entire firms losing their YTD profits? Or is it better to commit to your planned moves despite the volatility?
Here are Onyx Alpha Partners Top 3 Tips for Interviewing in Volatile Market Conditions:
1. Ask The Important Questions: Inquire About Performance and Priorities
➪ Tip: When interviewing, it's imperative to ask detailed questions about how the firm and the specific team are performing. Hedge funds may shift focus in response to severe market fluctuations, altering investment strategies or rebalancing portfolios. Clear information about these shifts can provide insight into the leaderships commitment levels and future opportunities within the firm.
2. Brace Yourself: Expect Delays in Feedback and Decision Making
➪ Tip: In volatile markets, decision-makers often prioritize managing risk and adjusting trading strategies over recruitment. This may lead to slower hiring processes as firms cautiously evaluate their staffing needs amidst uncertainty. Patience is key, as firms may take longer to conclude their hiring process.
3. Due Diligence: Seek Insights from Unbiased Contacts
➪ Tip: Reach out with contacts who can provide an unbiased view of how the company is handling market stress. Conversations with current or former employees can offer valuable perspectives on the firm's culture, resilience, and management under pressure. This information is critical when deciding on the long-term viability and growth prospects of the hedge fund.
Taking Action
☞ Are you considering a career move in this volatile market? It's more important than ever to stay informed with trusted sources of information and be strategic. Engage with your network, pick up the phone 📞, do thorough research, and ask the right questions.
Choose Onyx Alpha Partners' as your executive recruiter to guide you through these uncertain times.
If you have any questions or need personalised advice, be sure to reach out via DM or at theodore@onyxalpha.io today!
#recruitment #candidatetoptips #hiring #marketvolatility #hedgefunds #quantitativetrading