Private equity firms used to send junior staff off for an MBA. Now they’re keeping some around to help spend all the money they’ve raised.

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Adam Kahn in Bloomberg News

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This Hedge Fund Is Betting $280 Million on a 34-Year-Old Guy Dan Och still runs the show at Och-Ziff Capital Management Group. He’s the chief executive officer, the chairman of the board and very much the face of the hedge-fund powerhouse he founded more than two decades ago.

Big European banks are hiring to fill these roles in the U.S.

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European investment banks are, in theory, supposed to be making a play for a bigger share of the U.S. market. UBS says it’s still hiring on Wall Street, even as it keeps things steady elsewhere, and Deutsche Bank’s hiring freeze still means that it’s willing to invest in a senior banker state-side.