By Niki Natarajan
Pinocchio is the story of a wooden puppet that became a real boy after he had proven himself. Until now, many start-up hedge funds have disdainfully viewed incubators as the hedge fund equivalent of being a marionette, rather than a leg up to being a real hedge fund.
This myth was, in part, perpetrated by prime brokers that in the past divided hedge fund prospects into an A-list and B-list, with the...