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1 Aug 2008

Jobs In The Hedge Fund Industry

Interesting article here by hedge fund consultant Richard Wison, Hedge Fund Jobs. I have received a few inquiries as to how this works, there are a few sites where applications are taken such as among others.

"Some hedge fund professionals never graduate from high school but make over $1m/year in their job trading or selling for a hedge fund," Wilson says. There are also some tips on resume and application process.

Hedge Fund Career Trends also offers tips and links.

Final Voting Results for CSX Put Hedge Funds On Board

Rail company CSX Corporation issued its final report, showing that four of hedge fund TCI Group's nominees (Children's Investment Fund Management) received a larger number of votes than four of CSX's nominees.

"We are delighted that the certified results confirm that Alex Behring, Chris Hohn, Gil Lamphere and Tim O'Toole have all been elected to the CSX Board." The Children's Investment Fund Management and 3G Capital Partners, said, "They bring valuable railroad and management experience to the CSX Board and look forward to working constructively with their fellow directors for the benefit of all CSX stakeholders. We thank our fellow shareholders for their patience during this lengthy process and expect all newly elected board members to be seated without further delay."

The TCI/3G proposal to repeal any recent by-law amendments, including the recent by-law limiting the right of shareholders to call a special meeting, was also approved.

CSX is appealing before the Second Circuit Court of Appeals.

Launch, Market Access to Brazil by UBS

The global Equities business of UBS announced the launch of Direct Market Access (DMA) for international clients to trade securities on the Bovespa stock exchange in Brazil. UBS is among the first broker-dealers to offer non-Brazilian clients direct electronic equities trading and execution in this major market.

Recent market regulation enacted in Brazil allows for non-domestic investors access to direct electronic trading on Bovespa (Bolsa de Valores de Sao Paulo), a Sao Paulo-based stock exchange. Bovespa is the second-largest stock exchange in the Americas, and the third largest in the world.

"We have a longstanding commitment to providing clients with seamless, direct, electronic access to the major markets all over the world." Mario Campos, Head of Latin America Sales & Trading, said, "We are pleased to be one of the first brokers to offer global clients with DMA in Brazil."

"International DMA is one milestone in providing advanced electronic trading in this market – other tools and strategies will follow very soon," said Will Sterling, Head of Institutional Electronic Trading. "Making DMA available for clients trading into Brazil is particularly exciting, given our global buy-side clients’ increasing focus on this region."

With offices in 50 countries, UBS is present in all major financial centers worldwide. Its shares are listed on the Swiss Stock Exchange (SWX), the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).