Many top funds are finding it difficult to hold on to a business executive
The transition from adolescent entrepreneurial business to adult institution is proving more difficult for many hedge fund managers than they expected. Nowhere is this more in evidence than in the difficulty that many of the independent-minded hedge fund founders are having at hiring or holding onto the right senior business executives. At some funds, turnover in these jobs has been high, and at others, the founders have given up and eliminated the executive posts entirely.
The most obvious example of this