The 20 Rising Stars of Hedge Funds 2008

5. PAUL ECKEL fixed-income trader at Moore Capital from 1991 to 1992 before leaving to become an independent hedge fund consultant until 1996.He returned to the office as a marketer at Rotella Capital from 1996 to 1997 and then joined Fletcher Asset Management, where he was also a marketer until 1998. Eckel said he got into the hedge fund industry when he moved from Seattle to New York to work with Caxton Corp., the firm he most admires, adding that he plans to stay in the industry.“Hopefully,I will have interests in a handful of hedge funds that Emerging Manager helped to graduate from the emerging manager space to the $1 billion-plus assets under management level,” he said. As far as the industry goes, Eckel expects no slowdown over the next decade.“Most likely there will still be a full spectrum of hedge fund launches in terms of assets under management, from the $3 million ‘friends and family’launches to the megabillion dollar launches,” he said. 5. PAUL ECKEL Dooley, a chartered financial analyst and CFA Institute member, credited McCormick with giving him “the entrepreneurial mindset to take an idea and develop it into a business.” He said his greatest accomplishment has been his ability to successfully implement continuous improvements. “When I was a junior in college, already enamored by the stock market and investing, I read a biography on George Soros and his experiences running The Quantum Fund,” he said. “At that time, I decided that managing my own hedge fund was my career aspiration.” Prior to starting Fusion Capital, Dooley worked at Blue Vase Securities, now BenchMark Financial Network, which he joined in 2000. He said the sale of Blue Vase to ING Securities gave him the opportunity to start Fusion Capital. “Over the next decade, I see myself continuing to develop and grow Fusion Capital Management,” Dooley said, noting that this will include the launch of additional funds. “I’m a big fan of never resting. I’m not going to look at my successes and be happy with them.” As for the industry, he foresees a continuation of institutional assets branching outside traditional long-only management and into hedge funds and other strategies focusing on absolute returns. 22 HEDGE FUND RISING STARS Founder Emerging Manager, New York Age: 42 Education: University of Washington (B.A. in Finance and Business) Mentor: Ray Kurzweil, Founder and Chief Investment Officer, Kurzweil Capital Eckel founded Emerging Manager in 2004 to provide capital raising and operations/ fund launch consultation to new and established hedge fund managers. In 2005, he took a break from his firm to join RBC Capital as a director in the prime brokerage department, but he left in 2007 to re-launch Emerging Manager that May. Eckel is proud of creating Emerging Manager, a firm whose services he described as unique. Its strategy is to offer both third-party and internal capital raising services combined with strategic launch and operational guidance, he said,adding that the package is aimed at improving a client’s overall business model. “The growing institutionalization of the industry means that managers who adopt a more well-rounded business structure are better placed to compete for capital,” he explained. “We provide our clients with the necessary practical and technical advice that will enable them to make informed decisions to grow their hedge fund businesses.” His current clients include spin-outs from Cerberus, Citadel and Millennium Capital Partners. Prior to forming Emerging Manager, Eckel co-founded three hedge funds from 2000 to 2005: Cydonia Capital, Naufal Capital and MicroCapital.At these funds, he held the roles of chief operating officer and head of marketing. Prior to that, he was the head of business development at SOLVOS, an Internet company. Eckel began his hedge fund career as a trader in the options department at Caxton Corp., which he joined in 1989. He was a BEN FUNK 6. 6. BEN FUNK MAY 2008 Partner and Co-Manager Liongate Capital Management, London Age: 33

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The 20 Rising Stars of Hedge Funds 2008 Contents Looking Great for 2008 A Matter of Supply and Demand Return Performance Highlights Challenging Period 20 Rising Stars of Hedge Funds Mentors' Page

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