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Alternative Market Briefing

How to build a lasting hedge fund business

Friday, December 13, 2019

amb
Kapil Rastogi
B. G., Opalesque Geneva:

As of July this year, about 66%, or $861bn, of total worldwide hedge fund assets were controlled by the 25 largest managers and 41% by the 10 top firms (Bridgewater, Renaissance, Man, AQR, Two Sigma, Millennium, Elliott, BlackRock, Citadel and Davidson Kempner) according to P&I.

What are the biggest hedge funds doing to remain in the top league over the long-term - and retain more than half of the industry assets? It may be that it is not just their investment process or their capacity to scale up, it is also the type of leadership and business culture they follow.

That's according to the two founders of Jersey City-based quantitative trading firm PlusPlus Capital, who don't just believe in good business but in great business.

A great business, whatever it is, starts with two things, explains co-founder Kapil Rastogi during a recent Opalesque TV interview. That is, great leadership and great culture.

Leadership

He is a strong proponent of the Servant Leader model. "What does that mean in the context of a hedge fund?" he says. "It means I cut my pa......................

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