Issue #46

The hedge fund industry has a strange relationship with talent. It celebrates it in theory but locks it out in practice. High costs, endless processes, and investor hesitation all conspire to keep emerging managers out of the game.

What happens when barriers like these persist? We lose out. We lose innovative strategies, fresh ideas, and managers who might have redefined the industry if only they had the chance. The result? The same big players dominate, while true performance gets pushed to the margins.

But here’s the thing: these barriers aren’t natural. They’re built by systems that haven’t been updated in decades. Modern tools can tear them down — making fund launches faster, cheaper, and more accessible. When emerging managers succeed, the industry wins. Investors gain access to strategies that are nimble, hungry, and designed for alpha.

It’s time to stop being gatekeepers and start being enablers. Talent is out there, waiting. The real question is: what are we doing to unlock it?