The tweet was deleted by the author.
But we saved everything 🙂.
A new trend called gazumping has emerged in the hedge fund recruitment landscape, according to Nishant Kumar. The practice involves firms hiring traders and waiting for them to complete their gardening leave, only for competitors to step in and recruit them before their official start date.
This maneuver has intensified competition for talent among hedge funds as firms vie for top traders. Nishant Kumar highlights that rivals are increasingly using this approach to strengthen their teams at the expense of their competitors.
Nishant Kumar previously reported that hedge funds suffered losses in March as the Middle East conflict disrupted markets, with initial impact estimates shared here. In another article, Kumar covered hedge fund giants making public statements to show confidence in the United Arab Emirates as a financial hub despite regional tensions. These developments have added to the competitive pressures faced by the industry this year.