\u003cb\u003eHelpful, Accessible Guidance for Budding Hedge Funds\u003c/b\u003e \u003cp\u003e\u003ci\u003eSo You Want to Start a Hedge Fund\u003c/i\u003e provides critical lessons and thoughtful insights to those trying to decipher the industry, as well as those seeking to invest in the next generation of high performers. This book foregoes the sensational, headline-grabbing stories about the few billionaire hedge fund managers to reach the top of the field. Instead, it focuses on the much more common travails of start-ups and small investment firms. The successes and failures of a talented group of competitive managers--all highly educated and well trained--show what it takes for managers and allocators to succeed. These accounts include lessons on funding, team development, strategy, performance, and allocation.\u003c/p\u003e \u003cp\u003eThe hedge fund industry is concentrated in the largest funds, and the big funds are getting bigger. In time, some of these funds will not survive their founders and large sums will get reallocated to a broader selection of different managers. This practical guide outlines the allocation process for fledgling funds, and demonstrates how allocators can avoid pitfalls in their investments. \u003ci\u003eSo You Want to Start a Hedge Fund \u003c/i\u003ealso shows how to:\u003c/p\u003e \u003cul\u003e \u003cli\u003eDevelop a sound strategy and raise the money you need\u003c/li\u003e \u003cli\u003eGain a real-world perspective about how allocators think and act\u003c/li\u003e \u003cli\u003eStructure your team and investment process for success\u003c/li\u003e \u003cli\u003eRecognize the patterns of successful start-ups\u003c/li\u003e \u003c/ul\u003e \u003cp\u003eThe industry is approaching a significant crossroads. Aggregate growth is slowing and competition is shifting away from industry-wide growth, at the expense of traditional asset classes, to market share capture within the industry. \u003ci\u003eSo You Want to Start a Hedge Fund\u003c/i\u003e provides guidance for the little funds--the potential future leaders of the industry.\u003c/p\u003e
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