Where The Jobs Are: Structured Credit

Posted by John Carney, Jul 31, 2008, 2:43pm

Were you recently laid off? Don't despair. There is probably a hedge fund out there who wants to hire you. Oddly enough, the strongest demand is for people with experience in structure credit products, especially mortgage backed securities, according to David Ellis at CNNMoney.


Realizing that there could be plenty of opportunities to get good assets on the cheap, distressed opportunity investors want people who can assess the value of these toxic products, notes Pat Wieser, partner and co-head of the global banking and markets practice of the executive recruitment firm Rhodes Associates.


Help wanted on Wall Street [CNNMoney]

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Comments

1

Posted by Anal_yst, Jul 31, 2008 2:58PM

This guy assumes that those who've been laid off actually know how to value this stuff in the first place...

2

Posted by Anal_yst, Jul 31, 2008 3:35PM

This guy assumes that those who've been laid off actually know how to value this stuff in the first place...

3

Posted by guest, Jul 31, 2008 3:59PM

That was worth saying twice.

4

Posted by guest, Jul 31, 2008 4:16PM

Isn't the whole point of these massive writedowns the fact that no one knows what all of this crap is worth?

5

Posted by guest, Jul 31, 2008 4:20PM

lol

just give johnny boy thain a phone call.

he'll sell you all you want @ 5 pennies on the dollar.

6

Posted by guest, Jul 31, 2008 4:57PM

btw-dumbass or Pat Wieser, most of the distressed funds opened earlier this year are already shutting down or are struggling to raise cash.

lack of funding is the biggest problem aside from the fact that even if the distressed buyers could actually find attractive or relative "value" there is NO 2-way market.

7

Posted by guest, Jul 31, 2008 5:05PM

mayo

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