{"id":7789,"date":"2008-05-28T00:00:00","date_gmt":"2008-05-28T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"road-to-hedge-fund-riches-is-rockier-now","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2008\/road-to-hedge-fund-riches-is-rockier-now.html","title":{"rendered":"Road to hedge fund riches is rockier now"},"content":{"rendered":"<p>Reuters) &#8211; Starting a hedge fund was long considered the road to riches for money managers, but the path has become much rockier in the last months. <\/p>\n<p>&quot;It is materially harder to start a hedge fund today than it was two or five years ago,&quot; said David Bailin, who heads Bank of America Corp&#8217;s alternative investments group, which invests with roughly 100 hedge fund managers.<\/p>\n<p>A few years ago, when wealthy investors wrote checks more easily, their enthusiasm helped assets in the loosely regulated hedge fund industry double to $1.8 trillion in three years. In the boom days, an Ivy League degree plus a stint at a prominent Wall Street investment bank were often thought to be the main ingredients for a successful new fund launch.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/ousiv\/idUSN2248742720080527\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters) &#8211; Starting a hedge fund was long considered the road to riches for money managers, but the path has become much rockier in the last months. &quot;It is materially harder to start a hedge fund today than it was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[419,420,423,276,315,197,117,53,147,129,418,421,422],"class_list":["post-7789","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-default-status","tag-dow-jones","tag-dumpster","tag-fourth-quarter","tag-fund-specialist","tag-housing-market","tag-investment-arm","tag-investment-partners","tag-journalism","tag-losses","tag-merrill-lynch","tag-nutmeg","tag-ubs"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7789"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7789\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}