Case Study
What you need to know before you launch
A GUIDE FOR EMERGING MANAGERS advent.com | info@advent.com What you need to know before you launch 2 | What you need to know before you launch A guide for emerging managers Thinking of starting a hedge fund? You’ll be entering a less crowded field. In the five years up to 2020, more hedge funds closed than launched—and most observers believe that’s a good thing, winnowing the field to fewer but stronger players. The lesson For those with the track record, ambition and sufficient start-up capital, the barriers to entry may be relatively low, but starting and sustaining a hedge fund is not for the faint of heart. Whether the idea is still percolating or you’re already in the throes of formation, it’s probably fair to say that your skill set is in investment strategies, buy and