Battle of the buy-side: Why juniors now want to go into private equity, not hedge funds

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Hedge funds are losing the battle for the best and brightest young finance professionals to private equity. Both hedge funds and private equity firms are stepping up efforts to attract graduates and juniors in investment banks in order to train them up from scratch. But the performance issues that have dogged hedge funds over the past couple of years have not just […]

Hedge funds slow to adjust champagne tastes to beer budgets

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NEW YORK (Reuters) – Hedge funds have struggled of late to keep up their reputation as the sports cars of the investment world, often overtaken in the race for returns by the public buses of portfolios, index funds.