NEW YORK (HedgeWorld.com)–A new online company has surfaced in the past month offering a number of technologically oriented services to the hedge fund industry.
Created by a former policy director at ISDA Roseanne Stanzione, SwapJungle is designed as a place for job seekers and others in the hedge fund industry to chat and find out what is truly going on in the world of salaries and recruiting. The firm also is offering an instant messaging system that can be used for hedge fund managers that is Securities and Exchange Commission compliant, according to Ms. Stanzione.
She says that no one has a clear idea of where the jobs are and what the salaries are in those areas. On its web site, SwapJungle is looking to change all of what are now whispers into hard statistics.
Working with RiskCenter.com, Ms. Stanzione is now collecting responses from those filling out a survey at the SwapJungle web site in order to publish a full-blown report quarterly on the salaries in the industry divided by market discipline. The first risk management salary survey will be published by the beginning of September.
SwapJungle also has a job board where members will need to qualify themselves to get to the board. Job candidate profiles also will be featured on the site. Some hedge funds already have joined the web site initiative, which Ms. Stanzione envisions as a potential tool to promote diversity in the workplace, as a number of members are minorities.
Job candidates pay an annual fee of US$49 and up for a newsletter with job-hunting advice and to gain access to details of employer job postings and to the salary survey. Included in the fee is the ability to post their profile online. Employers pay nothing to search the candidate profiles, but if they want to contact selected candidates they pay US$49 and then pay US$199 and up to post jobs.