How to prepare for a successful hedge fund launch – Step 1: Define your business


In this new monthly blog, Joel Press, formerly a senior partner and Head of the Global Hedge Fund Practice at Ernst & Young, and a leading voice on hedge fund operations and co-ordination services, talks through an array of considerations on how best to prepare for a successful hedge fund launch. In this first installment, Press, who works on a discretionary basis with a handful of start-ups each year through his consulting arm, Press Management LLC in New York, discusses the key business planning issues, including access to capital…

During this monthly series of blogs, when I refer to meeting new managers I am referring to people who have already left their current firm, as opposed to merely thinking about it, and are, inevitably, still going through a non-compete period; which can last anywhere from three months to a year.

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