Five to watch
By Lawrence Delevingne, Suzy Kenly Waite
Mon Nov 1, 2010
Tough market conditions turn out a crop of hearty young funds, with double digit returns in the midst of turmoil.
By Lawrence Delevingne & Suzy Kenly
Clockwise from top left: Gregory Weaver, Patrick
Galley, Syed Ali and Steve Hornstein.
(Illustrations by Joe Morse)
Skepticism proved to be the winning hedge fund strategy in
2008, but 2009 required managers to switch to an entirely
different mindset. Casting fear aside & going all-in on the
market's resurgence last year took nerves of steel, but that
gutsiness paid off handsomely for those who took the plunge, as
AR's seventh annual Funds to Watch attests.
Not everyone had the courage. This year's crop is a smaller
group than any AR has selected in its previous annual surveys.
Each year AR profiles some of the most talented small fund
managers, focusing on those running new strategies with less
than $500 million in capital and at least one year of
While the largest firms frequently gather the most money,
the best performance is often found...
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