Where do you put the people when you increase your staff by 60% in two years?
That's the challenge faced by Banc of America Capital Management, which added 140 staff members last year and plans to hire 200 more this year, for a total head count of 900.
The unit, which has headquarters in both St.
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But performance of the alternative asset class still ahead of stocks.
Exec leaving for 'family reasons' but will continue to advise the money manager.
Activist hedge funds have pulled in at least $2 billion in new assets from institutional investors over the past two years, with a marked acceleration in pace in the second half of 2011 and so far in 2012.
Hedge fund managers are the third-biggest institutional users of exchange-traded funds and exchange-traded products, but they are reluctant to talk about it.
Institutional investors will be sharpening their scalpels this year, cutting managers that failed to provide what they promised: absolute returns.
