With their strong founders and little focus on leadership development, hedge funds have not been early adopters of systematic succession planning.

But founders are reaching an age where their personal and philanthropic interests are diverting time away from leadership of their often-eponymous firms, and they are forced to confront the issue of succession planning.

Some unique aspects of hedge funds make it impossible to adopt traditional succession processes wholesale, best practices can be thoughtfully tailored to ensure a new generation of leadership and a new life for hedge funds beyond their founders.

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