The restructuring of Elliott Management has led to a significant exodus of its senior employees, with at least nine former staffers launching their funds since 2021. Why It Matters: The changes at Elliott Management have led to the firm’s ex-employees opting to start their funds. This development is indicative of the broader trend of institutionalization within the hedge-fund industry, as the largest firms are emulating their private equity counterparts, reported Business Insider on Friday, citing sources. This shift has been attributed to the firm’s increasing bureaucracy, which has altered t…
