Starting this month private equity firms are making grabs for new hires earlier and younger, reports the New York Times. Some of the big firms are already making offers for positions that won't start until the fall of 2012. Five years ago such offers were made starting in September. The move signals a shortage of top graduates and a heating up on the hiring front overall.
MSSB laying off 300 advisers. [InvestmentNews]
Bridger Shutters Commercial Mortgage Lending as Banks Revive [Businessweek]
Hedge fund Fortress started an Asia-focused macro fund aimed to grow to $500 million. [BusinessWeek]
ING in talks with Citigroup, CIT in sale of U.S. unit. [BusinessWeek]
Citigroup is making a push in Russia. [Bloomberg]
Advisors compete with Twitter for Gen Y clients. [InvestmentNews]
Robert W. Baird & Co. Inc is planning to hire more financial advisers
Morgan Stanley plans to lay off 300 brokers and trainees. [Financial News]
Six hedge fund managers earned more than $ 1 billion per year.
A new report by JPMorgan says that Dodd-Frank has put U.S. banks at a disadvantage compared with their European counterparts. [Dealbook]