A growing recruitment crisis is hitting alternative fund managers as they struggle to find compliance and legal professionals, according to Ocorian in its Outlook 2024 report.
Ocorian’s international study among investment managers with private equity, venture capital and real estate funds found more than three out of four (77 percent) said their organization finds it difficult to recruit the right people in their compliance and legal department.
“Alternative fund managers are facing issues on a wide range of fronts as they struggle to recruit compliance and regulatory staff with the expertise and experience their businesses need,” said Aron Brown, head of regulatory and compliance at Ocorian. “On the one hand, they need to address issues with increasing regulatory complexity while also addressing issues with growing competition for compliance staff, which drives salaries and costs higher.
“We
