Hedge funds show signs of eventually growing up


Hedge funds have long talked about the inevitable need to become grown-up institutions, but suddenly there is evidence all around that the trend is taking root - and even changing the culture of the industry.

This is nowhere more apparent than in the move by the offspring of hedge fund founders who never dreamed of giving up equity - and even some of the old guard themselves - to provide ownership rights to their employees.

As we explore in this issue, the trend is being driven principally by staff turnover and a desire to