Asset managers expecting further job cuts

As the more eager readers among you might remember, we recently ran a survey into the job prospects of asset managers in the second half of 2009. The results are in - but sadly they're not entirely positive.

There were 234 respondents and the largest proportion of those - 45% - believe there were likely to be more redundancies in the next six months, compared to 42% who expect their jobs to be relatively safe.

Perhaps not surprisingly, considering the relatively downbeat results coming out of the fund management arms of investment banks, this group were the most pessimistic. 61% said they expect further redundancies within their organisations going forward, compared to just 30% who think no more cuts are on the cards.

Those working for multi-strategy boutique firms were the most optimistic about their job prospects - just 26% think there are likely to be further job cuts, and they're also more confident that their firms will actually add headcount in the second half.