Throw out the golden handcuffs


It's actually not all about the money.


By Steve Cohn

For decades, the cash bonus has been the most highly valued tool for talent management. Recently, however, hedge funds have begun to recognize that compensation policy can be even more effective. In the future, we believe that reward--of which compensation is merely one aspect--will be considered even more important.

Hedge funds recognize that, to maintain competitive advantage, they need unique strategies and the human capital to support them. The primary challenges that they face are acquiring, managing