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03/01/2011

Why Hedge Funds Don't Call You Back and What You Can Do About It


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Okay, you’ve scored and aced an interview at a hedge fund, but you didn’t get a call back or even an e-mail to say “Thank you, but no.” That’s the case for a number of people, including some senior level traders who recently interviewed at BlackRock.

According to Adam Zoia, chief executive at Glocap Search, it’s not much of a surprise. “It’s more common not to hear back from a hedge fund than it is from a bank or investment firm,” he says. If you have an intermediary—like an executive recruiter—they will often have to chase down the hedge fund client to find out what went wrong, he adds. “They often like to keep their options open.”

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Comments

It's not just hedge funds. It's everyone. Unfortunately, professional courtesy is the first casualty of a market with so many over-qualified people. And multiple interviews for positions that don't exist, or will never be funded, are just par for the course. The people who do follow up are so rare that they really stand out.

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