4 ms·
New York isn't the New York of finance anymore. Firms are scrambling to get their presence all over the world because the opportunities are no longer convergin
by clavalle 10y ago
New York isn't the New York of finance anymore. Firms are scrambling to get their presence all over the world because the opportunities are no longer converging on Wall Street as they once did.
- xenihn 10y agoDo you have any articles or anything covering this? Would love to send it to my friend who just lost their finance job in NYC and now thinks they've been blacklisted... Whether or not that's true, I want to convince them that there's nothing wrong with leaving NYC at this point if they can't find a job.
- clavalle 10y agohttp://www.forbes.com/sites/joelkotkin/2016/08/11/welcome-to-yall-street-the-cities-challenging-new-york-for-financial-supremacy/#2776f7c163f9 http://www.forbes.com/sites/joelkotkin/2016/08/11/welcome-to... It is summed up in the last line: "Of the 70 large metro areas we studied, only three have lost financial jobs since 2010."
- monocasa 10y agoI mean, NYSE is owned by an Atlanta company now.
- cylinder 10y agoWas your friend at a hedge fund? They're all laying off so it's going to be tough to find a new job. Relevant to this article, active funds are losing business to passive index funds. Active = NYC; passive "boring finance" = Midwest
- xenihn 10y agoYes, it was a hedge fund.