General management searches for fund executives at the CEO, COO and division head level are up 60% this year, the executive recreating firm Russell Reynolds Associates reports.

While fund companies have slashed transactional-level jobs in phone service and trade-processing centers, and have eliminated some mid-level sales positions, hiring levels overall are up 26% over the past 10 months, said George Wilbanks, managing director in the investment management practice of the New York-based executive-recruiting firm.

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