Success story...marred only by the lack of performance


After a long stretch of difficult markets and poor returns, it's easy to forget that the late-year market rally was not the only factor that made 2004 a surprisingly good year for hedge funds.

But it actually was a very good year, and perhaps for no one more than Tanya Styblo Beder. As we show in our profile of the CEO of Citibank's Tribeca Global Investments, 2004 was the year when she created an instant hedge fund giant, with 11 trading teams in place and several more on the way. It was also the