04 Mar Public pension funds profit from Wall Street's job losses
Jobs are increasingly hard to come by on Wall Street. But locales like Baton Rouge and Cheyenne are posting “Help Wanted” signs for investment professionals.
The prospective employers? Public pension funds, many of which continue to hire to fill current positions or in some cases new ones, according to recruiters, fund executives and Web-site job listings. Thanks to Wall Street’s woes, plenty of people are applying.
The California Public Employees’ Retirement System, known as Calpers, is seeking a portfolio manager for risk management and another for infrastructure investing. The Austin-based Teacher Retirement System of Texas wants to add a senior telecom analyst, while the Ohio Public Employees Retirement System in Columbus is looking for a deputy chief investment officer.
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