Performance is key, however you get it


By Michelle Celarier

The tide of multibillion dollar hedge fund launches has been ebbing, and one reason may be the rather tepid performance of several of the most lauded launches. Not so for Dinakar Singh's TPG-Axon Capital, the subject of this month's cover profile.

When it debuted, TPG-Axon did not receive quite as much fanfare as some similarly pedigreed new funds. Since then, however, the former Goldman star has been busy outperforming many in his class - chalking up returns for investors and earning a name as one of the premier global firms. TPG-Axon is up almost 20% annually since