'It’s never been so difficult to find talent'

Columbo

'The talent you want to hire is the talent you want to pull from someone else'.

A week after billionaire Steve Cohen said he was “blown away” by the scarcity of talented people in the hedge fund industry, investor Ken Griffin said they exist but you need to hire them from other people’s firms.

“Every new generation of managers has this great story about how it’s never been so difficult to find talent,” billionaire Griffin, who runs hedge fund Citadel, said at the SkyBridge Alternatives Conference in Las Vegas earlier this week.

“The best talent is talent you go out and find. You need to avoid adverse selection,” he added. “The talent you want to hire is the talent you want to pull from someone else.”

Bloomberg News reports that Griffin said Citadel hired the quantitative-research group from Enron Corp. “within hours” of the energy company’s bankruptcy filing in 2001.

To access the complete Bloomberg News article hit the link below:

Citadel's Griffin Says Hedge Fund Talent Is There to Snag

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