The Interception Trade: Hedge Funds Snatch Talent During Gardening Leave
Bloomberg reports a rising tactic dubbed the 'interception trade' where hedge funds poach traders during gardening leave with larger offers, sometimes reimbursing the leave; at least 14 cases cited, spotlighting how talent and pay escalate as recruits are snapped up mid-leave (e.g., Stanley Sheriff, Tarun Tyagi). The piece also notes high payouts and broad industry shifts (Alexander Gerko at XTX) and the ongoing scramble among headhunters as talent becomes increasingly valuable.