Sam Hocking, head of prime brokerage for BNP Paribas, discussed investment strategy for distressed assets and the outlook for hiring by hedge funds recently on Bloomberg TV.

“When performance is down and assets aren’t coming in to the market like they once were, you have to have different decisions on how you hire, Hocking said. “So what I see people doing is re-sizing their outfits and not growing. … [A]t the moment I see much more selective hiring in what they’re doing.”

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