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Hedge Funds Lure Oil Traders With Seven-Figure Signing Bonuses
The oil market’s rollercoaster volatility is translating into multimillion-dollar signing bonuses for some of the traders who can stomach it. This year, one oil trader scored a $5 million signing bonus after joining a multi-strategy hedge fund. It’s far from the only massive number. Signing bonuses in the $1 million to $5 million range are becoming more common, though higher payouts are seen only in exceptional cases. Hiring in energy markets is up 15% over last year, according to executive search firm Proco Commodities, as firms look to cash in on dramatic price swings. The jump in activity is translating into ... (full story)