Hedge fund giants are backing more external fund managers. Here's why smaller rivals are doing the opposite

businessinsider.com/why-smaller-hedge-funds-are-bringing-portfolio-managers-in-house-2025-6

Adrian Brummer is a partner at Stockholm-based Brummer & Partners.
Dan Coleman/Brummer & Partners
Small multistrategy funds are focused on hiring portfolio managers instead of allocating externally.
Firms like Millennium and Qube are investing in external managers to expand…

This story appeared on businessinsider.com, 2025-06-11 09:03:01.
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