50 Ways to Leave Your Hedge Fund

Discussion in 'Chit Chat' started by dealmaker, Dec 21, 2019.

  1. dealmaker

    dealmaker

    50 Ways to Leave Your Hedge Fund (Bloomberg)
    Quitting is never easy — especially for the alpha types who make up the $3 trillion hedge fund industry. Yet some of the best-known founders have thrown in the towel this year after fortune-making decades in the business.These traders all had their own reasons to hang it up. But there were some common factors behind the decisions: the challenge of competing with an ever-rising stock market, the difficulty of raising enough assets and, for many, the march of time. As 63-year-old Jonathan Kolatch told investors earlier this month when announcing his retirement: “If I don’t step away now, it’s not clear I will ever get away from my desk.”