Recruiting Easier Now That Hedge Funds Less Attractive


* High-flying hedge funds had vied for recruits

* All changed with financial crisis

* PE offers stability and career growth

M&A’s on the backburner. Fundraising is still tough. But one thing has gotten easier for private equity firms: recruiting.

Three years ago firms were competing against hedge funds, said Bennett Rosenthal, Ares Management’s senior partner and co-head of the private equity group. Hedge funds were offering “gigantic current comps” to smart recruits, said Rosenthal during the Bloomberg Dealmakers Summit late last ...

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