Institutionalisation and succession planning are two challenges for larger hedge fund managers

- Hedge Funds Review editorial
- 12 Dec 2011

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The industry is going through another period of innovation and change, according to Julian Young, a partner at Ernst & Young financial services. It is not only volatile and unpredictable markets that are testing the mettle of hedge fund managers and forcing change, but also regulations that dictate a new way of operations.

But Young sees these as both positive for the industry. More demanding institutional investors have pushed managers to put into place the infrastructure and the governance

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