Talent-Hungry Hedge Funds Seen Fueling Pod Shop M&A in 2024

Smaller multimanager hedge funds that struggled last year are at risk of losing clients or being swallowed by larger firms.

Consolidation is among the top themes investors are watching for in 2024 as the industry’s biggest players look for fast ways to acquire talent, after adding tens of billions of dollars of assets in recent years.

“It’s not that the model doesn’t work, but it is over-saturated, and that could lead to consolidation,” said Jon Caplis, head of PivotalPath, a hedge fund research firm.

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