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Asian funds fighting for fixed income pros

"There is a shortage of candidates with a background in Asian credit, foreign exchange and interest rates at the moment," says one Hong Kong-based headhunter, who is currently recruiting for a number of credit research analysts with experience in high yield corporates.

Not surprisingly, this lack of appropriate talent has seen investment banks and fund management firms 'paying up' for suitable candidates. "I have one client based in Singapore who is looking for a fixed income portfolio manager/trader," the headhunter reports. "They will pay between US$300k and US$600k but have also said they will be flexible - if they see someone they like, they will pay extra for them."

Two heads seem better than one

The lack of senior fixed income specialists in Asia has also seen organisations add multiple junior candidates. "Roles need to be filled and if firms can't find one person to do it, they'll hire a couple of junior people to share the responsibility," notes the headhunter.

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