SocGen AM goes after hedge funds sales pros

Société Générale Asset Management is the latest company to wade into the overheated market for hedge fund sales staff.

The hedge fund arm of the French asset manager, Société Générale Asset Management Alternative Investments, is looking to create a specialist hedge fund sales force according to Global Investor Magazine.

The report suggests SGAM AI is keen to build a team of around 20 people globally after recently recruiting regional sales heads for North America, Asia-ex Japan, Europe and the Middle East.

They may need to dig deep into their pockets in order to do so: the hedge fund sales market is notoriously understaffed.