Rothstein Kass Study Suggests that Hedge Fund Managers are Inadequately Prepared for Succession Challenges

According to a recently-released study, only a small minority of partners and senior managers at hedge funds have adequately planned for succession in the event of the death, disability or termination of an owner, partner or other key person. At the same time, experts interviewed by the Hedge Fund Law Report suggested that increasing numbers of institutional and high net worth individual investors are beginning to demand succession plans as a condition of an investment in a fund. The study was sponsored by accounting and financial services firm Rothstein Kass, and co-authored by private wealth experts Russ Alan Prince and Hannah Shaw Grove. A key finding: fewer than 30% of the partners surveyed are prepared to deal with the death of one of their management-level colleagues.

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