From: Institutional Investor Daily <[email protected]> Sent: Tuesday, June 19, 2012 1:50 PM To: [email protected] Subject: Big Hedge Funds Lack Succession Plans chttp://projectsline.com/iimag/images=x.gif> <http://ems.euromoney.com/ems/r.asp?clndex=670380&=Index=1266014245&hurl=http%3A//www.institution alinvestor.com> =!-- Newsletter Title -->Institutional Investor Daily Tuesday,=nbsp;June 19, 2012 =/TBODY> <http:/=projectsline.com/iimag/images/x.gif> </=R> On InstitutionalInvestor.com today: <http://projectsline.com/iimag/images/x.gif> =A style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIG=T: 0px; FONT-FAMILY: Georgia, 'Times New Roman', Arial; COLOR: #030303; FON=-SIZE: 18px; TEXT-DECORATION: none; PADDING-TOP: 0px" href="http://ems.=uromoney.com/ems/r.asp?clndex=670380&mlndex=12660142458thurl=htt=%3A//www.institutionali nvestor.com/Article/3042690/Big-Hedge-Funds-Lack=Succession-Plans.html">Big Hedge Funds Lack Succession Plans Israel (Izzy) Englande= can certainly afford to kick back and relax. The veteran hedge fund inve=tor has established an enviable record since founding Millennium Management=in 1989, delivering outsize average annual returns of 16 percent and amassi=g personal wealth estimated at more than $1 billion... <http://projectsline.com/iimag/images/x.gif> <http://projectsline.com/iimag/images/x.gif> =A style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIG=T: 0px; FONT-FAMILY: Georgia, 'Times New Roman', Arial; COLOR: #030303; FON=-SIZE: 18px; TEXT-DECORATION: none; PADDING-TOP: 0px" href="http://ems.=uromoney.com/ems/r.asp?clndex=670380&m I ndex=1266014245&hurl=htt=%3A//www.institutional i nvestor.com/Article/3042702/Hedge-Fund-Industrys=Rising-Stars-Out-to-Give-Back.html">Hedge Fund Industry's Rising Star= Out to Give Back The hedge fund industr= clearly creates great riches for those who participate in it. Giving som= back, to the industry or the communi