Hedge Funds have trouble planning for the future

``On the whole, Senior Partners at established hedge fund firms have not done sufficient succession planning to ensure that their firms will operate as desired after a change in ownership according to "At Risk: Managing for the Future," a new survey conducted by CPA firm Rothstein Kass. In particular, very few hedge fund Senior Partners have planned for the death, disability or departure of another owner and the associated consequences for the firm and its operations. ''