(Bloomberg) For Dan Sundheim, who starts trading outside capital at his new hedge fund in mid-July, it might as well be 2007. That’s when hedge fund managers dominated Wall Street. They could charge high fees, impose long lock-ups on capital and afford to be discerning about which investors they allowed into their funds. Then came the financial crisis and a decade of low returns and client defections. Most startups barely raised any money.
Hedge-Fund Star Sundheim Lures Piles of Cash on His Own Terms
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