So You Want to Start a Hedge Fund Lessons for Managers and Allocators

Helpful,AccessibleGuidanceforBuddingHedgeFundsSoYouWanttoStartaHedgeFund?providescriticallessonsandthoughtfulinsightstothosetryingtodeciphertheindustry,aswellasthoseseekingtoinvestinthenextgenerationofhighperformers.Thisbookforegoesthesensational,headline–grabbingstoriesaboutthefewbillionairehedgefundmanagerstoreachthetopofthefield.Instead,itfocusesonthemuchmorecommontravailsofstart–upsandsmallinvestmentfirms.Thesuccessesandfailuresofatalentedgroupofcompetitivemanagersallhighlyeducatedandwelltrainedshowwhatittakesformanagersandallocatorstosucceed.Theseaccountsincludelessonsonfunding,teamdevelopment,strategy,performance,andallocation.Thehedgefundindustryisconcentratedinthelargestfunds,andthebigfundsaregettingbigger.Intime,someofthesefundswillnotsurvivetheirfoundersandlargesumswillgetreallocatedtoabroaderselectionofdifferentmanagers.Thispracticalguideoutlinestheallocationprocessforfledglingfunds,anddemonstrateshowallocatorscanavoidpitfallsintheirinvestments.SoYouWanttoStartaHedgeFund?alsoshowshowto:DevelopasoundstrategyandraisethemoneyyouneedGainareal–worldperspectiveabouthowallocatorsthinkandactStructureyourteamandinvestmentprocessforsuccessRecognizethepatternsofsuccessfulstart–upsTheindustryisapproachingasignificantcrossroads.Aggregategrowthisslowingandcompetitionisshiftingawayfromindustry–widegrowth,attheexpenseoftraditionalassetclasses,tomarketsharecapturewithintheindustry.SoYouWanttoStartaHedgeFund?providesguidanceforthelittlefundsthepotentialfutureleadersoftheindustry.