| 11.11.2010 Opalesque Exclusive: Seeders may be emerging managers' great hope, but acceptance rate hovers around 1% - Bank of America Merrill Lynch |
| From Kirsten Bischoff, New York: All of their lives hedge fund managers have faced daunting application processes. Acceptance rates at elite private schools (Exeter - 19%), college (Harvard, class of 2014 - 6.9%), top tier MBA programs (Wharton - 11%). The acceptance rate for managers hoping to secure seed funding? 1%. That's right. 1%. Near to impossible. Seed capital - cur |