Hedge funds escalate talent war for loyalty | JQJO

From Dorado Beach to a WeWork in Milan, top hedge funds are sweetening the deal to keep star traders from defecting. The multistrategy giants including Millennium, Point72, Citadel and Balyasny are offering relocation to tax havens, bespoke titles and guarantees that can top $100 million, funded in part by pass-through fees. With headcounts surging and PM churn near 20%, managers are softening once-cutthroat policies and pleading for loyalty. Investors grumble over costs, smaller rivals buckle, and an internal recruiting arms race intensifies as firms hunt scarce talent.