Hedge Funds

Will Clint take the hint?


Despite continuing to grind out positive returns, both talent and assets departed from Carlson last year

 Clint Carlson

Having suffered a heavy loss of talent, mediocre returns and massive redemptions, Carlson Capital is now picking up the pieces. The firm brought in the big guns of McKinsey & Co. to revamp the management structure and make compensation more egalitarian, but some investors wonder if what they perceive to be a major problem remains unchanged: the strategy.

Carlson's travails look like a story of personnel issues run amok, for there is no better explanation for the firm's recent