BusinessWeek – The first idea that Tim Harrington, Brian Tomeo, and Spencer Deering had for a business was to gather up brand-new hedge funds and nurture them. They’d invite them to make use of their office in Miami Beach, where they could get advice, legal help, expensive software, and eventually an introduction to investors, with the three benefactors collecting a fee.
The second idea, the one the trio went with, was the exact opposite. They would assemble the hedge funds and make them fight.
