Remaking the Mold

FrontPoint innovators Phil Duff, Gil Caffray and Paul Ghaffari are seeking the holy grail of hedge funds: building a franchise that will outlast its founders. Can they succeed?

Curtis Macnguyen learned the hard way that he needed help running his business.

After two years as a partner at New York investment firm Siegler, Collery & Co., he struck out on his own in 1998, launching two long-short equity funds under the banner of Ivory Capital Group.

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