Fighting to hold onto reputation and talent

by

The raison d'etre for hedge funds may be making money, but the hedge fund business, perhaps more than any other area of money management, is at root a people business. Relationships, reputations, integrity and contacts are as much the currency of hedge fund success or failure as the financial instruments that hedge funds trade.

And rather than diminishing as the industry matures, the "people" issues are becoming all the more important.

In this issue of Absolute Return, we examine the unfolding lawsuit filed by Renaissance Technologies against Millennium Partners, showing the extent to which Renaissance's Jim