But starting your own hedge fund is likely to prove a much less lucrative venture for the foreseeable future, thanks to hard bargaining by investors
Reuters: The hedge fund industry's proverbial 'two traders and a terminal in Mayfair' are back. But starting your own hedge fund is likely to prove a much less lucrative venture for the foreseeable future, thanks to hard bargaining by investors Add Comment The new firm will be known as Point State Capital, named for a park in Pittsburgh where Fort Duquesne once stood. Of the $5 billion raised, $1 billion will come from Stanley Druckenmiller, and the remainder from former investors in Duquesne Capital Management. Hedge Fund seeders have $1 Billion on hand and expect to quadruple that by next year. http://www.finalternatives.com/node/14278 |
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