Sticking to your guns is painful


Hedge fund managers are anything but shrinking violets. To take the kind of risks - and expect the kind of rewards -- involved in hedge fund management requires intense courage of conviction and a willingness to stick to your guns.

In this issue, we look at the lengths to which some in the industry have recently gone to act on their strong and sometimes unpopular views on everything from regulation to their investment philosophy - and even philanthropy.

The issue of the day - an SEC staff report recommending hedge fund registration - has divided the industry and galvanized the