You're probably aware of this, but there's a war for talent underway in hedge funds. Top portfolio managers are being paid $120m in sign-on bonuses. Hedge fund bosses are complaining about star footballer-style paydays for mediocre players. Izzy Englander at Millennium thinks doing away with non-competes would help. In the circumstances, if you haven't had at least one call from a fervent recruiter working for one of the big hedge funds, you're probably doing something wrong. Speaking to the Times, one unnamed senior banker said these hedge fund recruiters have become a menace.