If you are starting a hedge fund, the easiest way to gain an edge is to secure an initial investment from an industry superstar who is also your former boss.
Money from Julian Robertson, George Soros or even Harvard Management has long been considered a seal of approval that can make pension funds and endowments take notice of a newcomer. And many such funds, from Lone Pine Capital to Blue Ridge Capital to Highfields Capital, have gone on to greatness, doing their forebears proud.
