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TRX Goldman report: multistrategy hedge fund hiring growth slows as SMA use expands
A Business Insider report citing Goldman Sachs research says hiring growth at major multistrategy hedge funds has slowed as firms increasingly allocate capital to external portfolio managers through separately managed accounts. Headcount at multistrategy and multi-manager hedge funds rose 7% between mid-2025 and mid-2026, down from annual growth rates of 10% in 2025, 18% in 2024 and 27% in 2023. Goldman attributed the slowdown partly to expanded external allocation programmes, and the report names Millennium, Schonfeld and Qube as firms that have expanded their use of SMAs, with Citadel explor
Why “Unverified”
- Reported by Hedgeweek alone, with no second source or primary confirmation yet
1 independent source group across 1 post · evidence score 48/100. How labels work
What the sources claim
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Goldman Sachs research cited by Business Insider says headcount at multistrategy and multi-manager hedge funds grew 7% between mid-2025 and mid-2026.
“Headcount at multistrategy and multi-manager hedge funds increased 7% between mid-2025 and mid-2026”
Hedgeweek -
The report says that growth rate is down from 10% in 2025, 18% in 2024 and 27% in 2023.
“down from annual growth rates of 10% in 2025, 18% in 2024 and 27% in 2023”
Hedgeweek -
Goldman attributed the hiring slowdown partly to the expansion of external allocation programmes.
“Goldman attributed the slowdown partly to the expansion of external allocation programmes”
Hedgeweek -
Millennium, Schonfeld and Qube have expanded their use of separately managed accounts, while Citadel has begun exploring external allocations.
“Firms including Millennium, Schonfeld and Qube have expanded their use of SMAs, while Citadel has also begun exploring external allocations.”
Hedgeweek
Sources
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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-23 09:00 UTC. Labels are computed from the sources, not by the model.