Looks like hedge fundare the next in line to start tightening their belts and letting people go. Dozens of workers were given the bad news yesterday, on top of recent layoffs at both Ramius Capital and Perry Capital, two of the big players in the industry. Interestingly, a spokesperson for Ramius commented only on the recent “key hires” they’ve made. Apparently mum was the word about the employees who got the axe.
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Wait till the redemptions come... you guys haven't seen anything yet.
do you guys think hedge funds will ever be the same (compensation- and performance-wise)? will regulators crack down? will investors lose their faith? what are the long-term implications here? i suppose i could ask the same things about ibanks.
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