1. Hedge Fund 'Gazumping' Sparks Vicious Pay Spiral, Clients Foot $50M+ Bill
The hedge fund industry's talent war has escalated into a cutthroat price spiral, with funds deploying aggressive 'gazumping' tactics to poach star traders, driving compensation packages to unprecedented heights. This practice, where a candidate uses a rival offer to extract a last-minute, vastly improved deal from the...