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David Parker From Kirsten Bischoff, Opalesque New York:

With hedge fund launches shifting to a comfortable speed (there were approximately 4.5 launches per business day during 1Q2011), service providers are noting that post financial crisis managers are focusing just as much on the business aspect of building a firm as they are on the investment strategy. This may be due to the fact that many new launches are spinouts of teams with experience in large firms with strong infrastructures, or are by second-generation managers who have already notched experience running a business.

Risk management and insurance advisor SKCG Group, which announced on Monday that it has launched a "Start Up Kit" program for emerging managers, says that startups post financial crisis are definitely more focused on building strong infrastructures from day one. One major difference the firm is seeing is that more managers seeking out policies such as Directors and Officers and Errors and Omissions at the startup level, in much higher numbers than they were in the past when managers would wait until they had higher assets under management to strengthen such business needs.

SKCG has launched the start up kit because in this environment hedge funds with two employees have very similar needs to those with two hundred employees.

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