{
  "id": 15868346,
  "title": "Schonfeld triples London business development team amid PM hiring push",
  "url": "https://urgent.news/2026/10/21/schonfeld-triples-london-business-development-team-amid-pm-hiring-push",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T08:28:00.000Z",
  "source": {
    "name": "Hedgeweek",
    "slug": "hedgeweek",
    "url": "https://hedgeweek.com/news/schonfeld-triples-london-business-development-team-amid-pm-hiring-push"
  },
  "original_language": "en",
  "account": "Schonfeld Strategic Advisors has more than tripled its London business development workforce since 2022, according to eFinancialCareers. The number of business development employees has grown from six in 2022 to 20 by the end of 2025, representing the most significant proportional increase among the firm's departments. The surge in hiring reflects the heightened competition for investment talent among multi-manager hedge funds. The firm's London portfolio management team also expanded, with the addition of 25 portfolio managers since 2022 and nine in 2025 alone. Despite these gains, other departments such as trading, risk management, and human resources saw a decline in headcount during the same period. The firm's aggressive expansion has coincided with the loss of some key recruitment talent, including Sameer Buch, a senior equities recruiter, who moved to rival Millennium earlier this year. Additionally, Schonfeld has seen departures from its investment team, with five professionals leaving in September, including portfolio managers Rastko Miletic, Joseph Bond, and Andrew Prentice, as well as Peter Hunt and Sourabh Tripathi. These exits are believed to have occurred following Manus Baveja's departure in August to join Dymon. The figures underscore Schonfeld's continued focus on portfolio manager recruitment as a key factor in its London expansion, even amidst internal turnover within its investment teams.",
  "summary": "Schonfeld Strategic Advisors has more than tripled its London business development headcount since 2022, reflecting increased investment in portfolio manager recruitment, according to a report by eFinancialCareers. Newly filed UK accounts show that Schonfeld's London workforce has expanded by 71 employees since 2022, with business development recording the strongest proportional growth across the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}