Key man risk avoidable for hedge funds

Yet succession planning remains last-minute afterthought


Peter Rigg, chief executive, HSBC Alternative Investments It’s very hard to find hedge fund groups that are successful multi-generational businesses. Many of the funds that HSBC Alternative Investments invests in today have only been around for 10–15 years, and it is impossible to say if we will still be investing in them in 15 or 30 years’ time. Why is this?Often the factors that made the hedge fund successful in the first place make succession difficult, with the result th