Hedge Funds as the New M&A Target

Nice article from TheStreet.com on a uptick in deals where a traditional asset manager buys a hedge fund.

Personally, I think this trend makes a lot more sense in the fund of fund space, as the article alludes to. Traditional hedge funds seem to be more about a "brain trust" and less about the operation itself. When key members of this brain trust leave, the value often goes out the door as well. At any rate, check out the article.