Financial Times – Meet the new face of the London hedge fund: the organisation man.
The old face of the London hedge fund operator might be characterized as the cowboy – the founder who built his firm around his gifts as a trader or manager of a particular strategy.
As the hedge fund community has moved from cottage industry of alternative managers to mainstream investments, large funds have brought in senior executives, often from the big investment banks, as right-hand persons to the founders.
The hirings have altered the constitution of the industry, elevating executives, many of whom have never run money, to the top ranks of the hedge fund world.
