There’s nothing like a near-fatal collapse of the global financial system to reveal true talent.

The tectonic shift that took place amid the credit crisis wiped some hedge funds off the map entirely and left others seriously diminished. Those remaining are now in a class of their own, and the innovative teams behind these hedge funds not only deftly navigated the crisis but largely profited from it.

New terrain, of course, means new opportunities — and a fresh set of pitfalls. It’s against this transformed background that Institutional Investor set out to identify the hedge fund industry’s rising stars, those who are charting a course to success through one of the industry’s most volatile periods. ....

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