Benzinga – Though hedge funds posted a strong turnaround and reached the $2 trillion mark in 2009, marking their best returns in 10 years, a number of firms are still vulnerable, which could have an impact on their ability to retain top talent, according to Heidrick & Struggles International.
“It has been a tremendous turnaround year for hedge fund survivors, marking their best returns in over 10 years,” says Claude Schwab, head of the U.S. hedge fund practice and a partner at Heidrick & Struggles. “By November 2009, the industry re-crossed the $2 trillion mark, and this was largely due to performance rather than net inflows.”
