The investment management industry is in the midst of a "war for talent," according to the "2005 Recruiting Trends" report from executive search firm Russell Reynolds of New York. Those in greatest demand are chief financial officers and chief operating officers at U.S. hedge funds, as well as client relations and marketing people at investment firms across the board.

There is also an increasing sense of urgency in growing assets under management, therefore raising expectations for qualifications of portfolio managers. Many companies are now demanding that portfolio managers have PhDs, CFAs, MBAs or other advanced degrees.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.