Wednesday's Headlines: Hedge Funds Will Hire Compliance, Accounting Pros in 2011

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Hedge funds will look for candidates with accounting, compliance and valuation backgrounds in 2011. [Opalesque]

A report by Morgan Stanley Smith Barney indicates that 2011 will be flush with opportunities for hedge fund growth. [Finalternatives]

Banks including Barclays, Citigroup, and JPMorgan are reshaping their derivatives broking units in order to handle new regulations and a system that aims to prevent another Lehman Brothers-style default. [FT]

Bank of America's private wealth management business U.S. Trust is expanding in California, Arizona, New York, and Virginia. [On Wall Street]

Toronto-Dominion Bank's acquisition of Chrysler Financial cements its push into the U.S., as Canadian banks expand and build up headcount here. [Sify]

Registered investment advisers grew their businesses in 2010, but according to a new survey, nearly 85 percent will have to spend more time on compliance. [Investment News]

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