Form is temporary. Class is permanent. And in this issue we look at both extremes. Scott Sacane proved once again just how temporary a good run of form can be. His high-flying fund Durus fell to earth last month in the strangest of circumstances as he built up a massive position in a micro-cap biomedical firm.
Class, on the other hand, is more difficult to obtain and in the context of building sustainable hedge fund businesses is one of the hottest subjects in the industry today. Can hedge fund groups create brands that will survive the retirement of their