FTC and non - competes
I am wondering if anyone has thoughts on the proposal by FTC to broadly make non-competes illegal. If this gets through, how will it affect the hedge fund industry and hedge fund employees? I’m particularly interested from the viewpoint of analysts or quants at SM or MM hedge funds (where non-competes are fairly common and can be fairly stringent at some of the funds I’ve heard about).
Hey bobsmith4, what a lonely thread. I'm here since nobody responded ...so maybe one of these discussions will help:
More suggestions...
Hope that helps.
bump
Bet Citadel would find a workaround by using golden handcuffs rather than non-competes per se.
Yeah I think what we'll see (and have already seen somewhat) is more deferred compensation contingent on not working at a competitor or voluntary noncompete bonuses that just increase the switching cost. E.g. 2x TC for one year if you choose to sit out.
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