A hiring spree among hedge funds in Japan is reaching fever pitch. The latest must-have: talent scouts.
Hedge funds including Dymon Asia Capital, Polymer Capital Management and Lighthouse Partners have hired so-called business development specialists in the country, while Point72 Asset Management has an opening for the role. The firms are importing the model used in other established hubs to find the next generation of star investors, much like how scouts in the NBA or MLB search for the next LeBron James or Shohei Ohtani.
Their moves reflect the surge in demand for portfolio managers, analysts and traders in Japan, which is enjoying a boom of activity after decades on the sidelines. Funds are looking to hire across equities, macro and quantitative strategies, and they¡¯re increasingly making the quest for talent in the country a full-time job.
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