Hedge Fund News From HedgeCo.Net

Hedge funder quits to seek ‘more’ in life

CNBC – Like some who work in finance, Forrest Xiao wasn’t fulfilled despite making a lot of money. But unlike many frustrated employees, the 25-year-old New York-area hedge fund employee decided to make a big change: He quit.

“I’ve become more and more obsessed with making money, in part because I’ve used it as a measure of myself,” Xiao wrote in a farewell email to AQR Capital Management colleagues in March, as first reported by hedge fund news site Absolute Return. “I worry that I’ve lost the sense of purpose that I once felt, the desire to help the world in some meaningful way.”

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