Bloomberg Tax
Aug. 21, 2023, 6:55 PM

Matt Levine’s Money Stuff: Everyone Wants a Piece of Sculptor

Matt Levine
Matt Levine


There are not a lot of hostile takeovers of hedge funds. If you run a hedge fund, generally speaking, nobody is going to replace you as the manager of that hedge fund without your permission. Your clients might leave, if you underperform or otherwise upset them, but they are not going to come to you as a group and say “we got to talking and 51% of us agree that we would rather have Boaz Weinstein run this fund.” Your lieutenants might become dissatisfied with working for you, but generally you control the company and they don’t, so ...

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