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Convergence data reveals 12% annual rise in hedge fund hires

BY ALEX CARDNO

Headcount has risen by 12% in the last year at SEC-registered hedge funds amid increasing regulatory and investor pressure, according to Convergence data. Overall headcount at hedge funds stood at 116,322 as of March 2016, up from 103,915 the previous year, according to an annual update on the alternative asset…

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