Venturing where other investors fear to tread pays off for Magnitude
September 02, 2010
Jim Hall and Ben Appen invest across a diverse range of strategies, managing risk through manager and strategy selection
By Claire Makin
In October 2002, Jim Hall and Ben Appen, the co-founders of Magnitude Capital, decided it was time to go live with their fund of hedge funds. "We scraped up whatever we could and said 'Let's start investing'," Appen recalls. To say that Magnitude started small would be an overstatement. The sum that Hall and Appen put together amounted to a grand total of $23 million, and less than half of it was...
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