WSJ – The scions of a number of wealthy families, including the sons of prominent Wall Street figures Howard Marks and Ken Moelis, have either recently launched hedge funds or plan to do so soon, according to people familiar with the matter.
The young men (no daughters appear to be involved so far) are in some cases wagering part of the family fortune that they can thrive in one of the most lucrative—and unforgiving—fields in finance.
