Highly competitive industries, like hedge funds, offer enormous payouts to attract top talent, with instances of guaranteed payments exceeding $120 million. While $50 million payouts are not uncommon, $10-15 million deals are on the rise. However, recent trends indicate a shift from focusing solely on superstar talents due to the industry's evolving landscape. The volatile nature of hedge funds is evident, with many managers experiencing periods of great success followed by significant losses, showcasing the risky and unpredictable nature of high-stakes competition.
As the $4.3 trillion hedge fund industry has boomed and competition for talent has intensified, firms are turning to a new strategy to get ahead: in-house boot camps. The goal is to mold promising new hires into future superstar traders.
Today on the show, Bloomberg’s Nishant Kumar joins host Sarah Holder to discuss what goes on inside these training programs — and what their rise means for the future of the industry.
Read more: Hedge Fund Talent Schools Are Looking for the Perfect Trader
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