Randall Stutman, founder of Admired Leadership and executive coach to top fund managers, discusses the organizational blind spots of scaling hedge funds and private equity firms.
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“Most Hedge funds, private equity firms, small ones that start to grow, recognize that they have growing pains, and that their expertise is limited to investment, and they really don't know how to create an organization, how to create team culture, how to both select people, but most importantly, how to engage the organization in a way that is a positive and a contributor to their investment process.”
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Insight
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“The biggest issues for hedge fund managers, as far as I'm concerned, is a couple things. Number one, many of them like themselves way too much, and so they really need somebody that's willing to be honest with them. They're very powerful people, both financial…”
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“Profile is your enemy. It makes you a target for litigation. It makes you a target for media scrutiny. It makes you a target for pure jealousy. Profile for all great leaders, unless they can't avoid it, Is your enemy, and your job is not to covet profile.”
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“Now, Alex can't care about you, doesn't have conviction, It's not going to replace me as a coach or any of the good coaches in our firm. It can't work through a multi-level problem the way that I can.”
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