Wealth Bulletin – Nearly 70% of hedge funds don’t have a clear succession planning structure in place, a study by wealth management experts Russ Alan Prince and Hannah Shaw Grove has shown, according to a report in The New York Times.
he survey, which was sponsored by Rothstein Kass, covered 349 US hedge funds in recent months to evaluate how ready players in this lightly regulated industry are to manage top-level changes.
Less than 25% of the respondents admitted to having a smooth transition regime and fewer than 30% said they are equipped to handle the death of a managing partner.
