It's a tough old world for aspirant billionaires. Apparently some hedge funds are making it a pre-condition for taking on a new partner that the new partner secures a 'post-nup' agreement with his or her spouse.
The reason is that, with partner's co-owning the funds' assets, an uncontrolled, un-nupp-ed spouse, might win a divorce settlement which involves the liquidation of a chunk of the hedge fund's assets.
Poor old hedge fund managers. What a dilemma. What's the old girl going to say when you get home and tell her: 'The good news is I'm going to be stinking rich; the bad news is your share of it will be legally limited'.
Somehow one suspects the response might be a bit frosty. Would hedge fund managers turn down a partnership to avoid having to undergo such a confrontation with their spouses?
By all accounts of what these guys are like, probably not.
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