Like any business, it takes time to grow and expand, but from what I've been reading in books like "Hedge Hogging" paints a different picture. Some of these guys worked at big firms, so they know the big money..so what? Why hire traders?..cant they make the trades themselves?..why hire an analyst..cant they do their own research?..why hire an accountant?..cant they use the accounting software from office depot? Then these guys, on a good year spend millions on a life style they cannot maintain... They take on too much overhead, which puts on much pressure to "out perform" the market. I guess what I'm trying to say is...why cant a fund be run by one or two guys in a basement or something? They're trying to go global in one step and it obviously doesn't work for most.