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Article: Fund firms step up hiring; Market rebound, stability stoke demand for sales and marketing execs.(News)
- Article from:
- Investment News
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: David Hoffman
As investors slowly dip their toes back into the stock market, mutual fund companies are cautiously hiring again.
BlackRock Inc., for example, is quietly adding to its roster of sales representatives who court financial advisers and other intermediaries. MFS Investment Management also recently announced plans to hire 100 employees over the next three years, half of whom will be based in the firm's overseas offices.
And Pacific Investment Management Co. LLC is building its active stock management capabilities and could recruit an existing team of managers from one of its many rivals.
Other asset managers are ...