Talent Wars at Hedge Funds Are Heating Up

IDW Group founder and Chief Executive Officer Ilana Weinstein talks about the talent wars at hedge funds. She also talks about knowing when to let talent move on and the FTC's ban on noncompete clauses. She is on "Bloomberg Markets: The Close."
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[@xxyyzz8464]

Utter nonsense. When you invest in employees to make them “Superman versions of themselves” they don’t just up and leave. They leave when they never were a good fit to begin with, or because you make them miserable acting like they don’t need to sleep and are literal Supermans, overwork them and under-compensate them in a toxic environment. They value you when you value them.

[@davidscholz8909]

Ilana Weinstein needs to read up on her labor economics. Training periods of workers, where they aquire knowledge applicable to in other firms, will cause - in equilibrium - the worker to take on the cost of training by accepting a lower wage. Non compete thus discriminate against the worker potentially utilizing his new knowledge (for which he payed for by accepting lower wages) at another firm.

[@Otter-Destruction]

Nah if non competes dont matter then why have them. If you really cared about investing in your employee than pay them what the competition wants to pay them.

[@Stavros_Steve_Deriziotis]

The goal is increasing assets under management, as the platforms adjust to support a more independent business environment it benefits both the large firm and the breakaway advisor.

[@KalelSonOfDurel]

Align the interests of your employees with the company and they won't compete against you.

[@hellonihaocomoestas]

why do women get to wear whatever they want while men have to conform to the stardard suit and tie with very minimal accessories

[@amanciocohen5965]

no they’re not

[@Kublai2000]

She doesn’t know what she talking about. These days 1 year non compete for junior back office employees. As usual the rich feast of the rest of us

[@napoleonsmith7793]

Yeah. MANIPULATING FAKE MONEY TAKES TALENT.

[@kenichi407]

sorry, but she comes across as spewing nonsense... and she kinda knows that midstream into the interview

[@user-qf7ud5de9h]

HEDGE WHAT? GENOCIDE?

[@eddierosario1537]

Ivy League only