Large hedge funds are monopolizing access to CEOs of major public companies, making access to corporate leadership more competitive and contentious. Firms such as Citadel and Millennium have created internal corporate access teams to secure meetings with C-suites, moving away from traditional brokers. This shift has led to an imbalance, favoring large firms and creating tension with smaller investment companies. Hedge funds now conduct tens of thousands of executive meetings annually, highlighting the lengths they go to gain strategic insights and investment advantages.
The connection between these firms and corporations has shifted from reliance on brokers at investment banks to big hedge funds managing their own corporate access teams.
Once a level playing field, access to C-suites is now dominated by the largest hedge funds, creating tension with smaller firms and internal strains within major players.
Citadel conducts over 30,000 meetings with corporate executives annually, showcasing the scale at which hedge funds seek face time with CEOs.
Competition for face time with CEOs has intensified among hedge funds, as firms like Millennium leverage larger allocations to receive better access through brokers.
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