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Bloomberg Markets

Hedge Funds Get 'Gazumped' in New Poaching Strategy

Hedge Funds Get 'Gazumped' in New Poaching Strategy
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The fight for talent in the hedge-fund industry has reached new extremes, with hedge funders using maneuvers like "gazumping" to grab more money for themselves, resulting in a vicious price spiral. Just how much gazumping is going on is unclear, but recruiters say some traders now are securing pay packages of $50 million or more. Clients end up footing the bill for these practices through opaque "

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Bloomberg Markets

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