Succession drama grips hedge fund power players

• Bridgewater, Millennium and UBS O’Connor among Power List members to have seen change among senior ranks
• AFI’s Power List ranked the 64 firms with $10bn or more under management
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Succession drama is more than a TV show for many members of the hedge fund elite.

It is notable just how many firms on AFI’s Power List — ranking the 64 managers worldwide with more than $10bn in hedge fund assets — have faced recent upheaval in the senior ranks.