More and more top hedge fund and private equity managers are set to move to new firms as the credit crisis bites, speakers at this week’s Reuters Hedge Fund & Private Equity Summit in London said.
Life has become tougher for both hedge funds and private equity in recent months, as debt, which has fuelled both industries in recent years, has become harder to obtain and market volatility has hit returns.
This is squeezing talented fund managers in many firms, either because their firms are finding it harder to reward them adequately in these tougher conditions or because their funds have suffered as market conditions have worsened.
