
3
Starting a hedge fu nd 43
service. Two middle-aged Asian-looking guys sat down and made
typically formal introductions. At least they made an effort to be nice to
the lonely no-hoper. But sadly I could hardly understand their heavily
accented English. ‘Ah, start-up. Good. Good. Fixed income bad.
Macro good,’ and so on. After establishing that they mainly invested
in macro, and only in managers who had been running for three years,
I realised that they would also rather talk to each other. So there I was
as a social outcast who ended up drinking too much of the lovely red
wine. Half-drunk and halfway through dessert,