Whether it is a downsized money management firm trying to gauge the best time to recruit, or an out-of-work securities analyst wondering where opportunities lie, deciphering the current difficult job market for clues as to when to hire or where to look for work can be confusing and frustrating. And many mutual fund and investment firms are taking advantage of the fact they are in the driver's seat, but this shortsightedness might come back to haunt them once the market turns around.

In the wake of significant Wall Street-related job cuts, some firms, such as Dresdner RCM Global Investors (DRCM) for example, have already moved to adopt aggressive recruiting efforts as a means of taking advantage of what DRCM Chief Investment Officer Ian Vose sees as a glut of available talent.

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