It had to come to this. Capital has been flowing into the hedge industry so fast in recent years - we estimate that the industry now manages at least $1 trillion, even before leverage -- that hedge funds are now challenged as never before with the terrifying task of managing it all...which demands talented people
"It's a land grab," said one fund executive. He was talking about the race to grab assets but the same could be said about the race to lure the best analysts, traders and operations personnel to hedge fund groups.
Such is the scramble