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Hedge Funds Losing Top Talent

Hedge Funds Losing Top Talent

Vulnerable Hedge Funds Could Lose Top Talent


2009 marked the best year for hedge funds in terms of performance in a decade but many funds are still hurting.  These funds may stand to lose their top talent, according to a new report from Heidrick & Struggles.  Hedge fund firms under $1 billion are said to be especially vulnerable to losing staff to more secure firms.
The executive recruiting firm said in a report on hedge funds Wednesday that the vulnerability will have a direct impact on talent flow this year, as top employees flee to more stable firms.
Heidrick & Struggles said fund underperformance, as well as lack of formulaic payouts to portfolio managers, share portfolios and funds undergoing a significant internal event--such as a merger or acquisition--were factors cited by those looking to leave their firm.
The company also noted other 2010 trends, including increased hiring by the Securities and Exchange Commission, an expectation that compensation bidding wars will return as companies move away from being under the government restrictions, and the return of compensation guarantees.
Heidrick & Struggles surveyed more than 400 portfolio managers and studied more than 100 hedge-fund firms for the report.  Source

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