The Frenzied Pursuit of Wall Street's Low-Profile All-Stars
1. Hedge funds are competing fiercely for top talent, increasing salaries significantly. 2. Cohen’s Point72 pays tens of millions for stock picker Kevin Liu, reflecting industry trends. 3. Multimanager firms face challenges sourcing talent to manage rising assets effectively. 4. High compensation costs may lead to unsustainable business models if returns don't justify them. 5. Past performance of multimanager funds is good, but recent losses raise concerns.