Monday, April 8, 2013

Hedge fund culture grows mega-intense

From FierceFinance: The conventional wisdom holds that as employers go, hedge funds are not for the faint of heart. These firms attract some very competitive people, for whom winning is of paramount concern. You should watch your back at every turn, and be prepared to play hardball when you have to.

That description may strike some as a stereotype, but confirmation of sorts comes from a recent survey by Labaton Sucharow, HedgeWorld and the Hedge Fund Association. The survey of hedge funds found that just under half of all professionals believe that their competitors engage in illegal activity, 35 percent have personally felt pressure to break the rules, and 30 percent have witnessed misconduct in the workplace....

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