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Hedge funds have inadequate succession planning, study shows


Established hedge funds have not done enough to plan for the dangers posed by the potential departure of senior partners, especially those due to death or disability, according to a study by accounting consultancy Rothstein Kass.

The findings show that “regardless of firm size, few participants have taken all the necessary steps to ensure a smooth transition in the event of a change in the senior management team,” wrote Howard Altman, a Rothstein Kass co-managing principal, in the report.

The study also found that about 30% of large firms did not even know if they were equipped to