The hedge fund industry has always been a machine that
creates new businesses and destroys them just as quickly. New
funds are constantly starting up often from the carcass of old
funds that are closing down and 2003, in some respects, was no
exception. New funds like Cavalry were founded from the
wreckage of the once mighty Bowman Capital technology
But, in other respects, a change seems to be underway in the
industry. New funds are still being...