Book Excerpt: So You Want To Start a Hedge Fund

Which is most important when managing a hedge fund portfolio or picking an emerging manager — luck or skill? As Ted Seides writes in his new book, managers and investors alike need a little bit of both.


Of all the challenges start-up hedge fund firms face — hiring the right people, attracting capital, setting up adequate infrastructure — generating noteworthy performance is among the toughest, and it’s only gotten harder over the years.

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