The 20 Rising Stars of Hedge Funds 2008

Editor’s Note Welcome to the second annual issue of 20 Rising Stars of Hedge Funds, showcasing up-and-coming professionals nominated by their peers and selected by our staff as future leaders and trendsetters of the hedge fund industry. www.emii.com • www.iialternatives.com EDITORIAL ERIK KOLB Editor of Business Publishing MARK MALYSZKO Senior Researcher and Associate Editor GREGORY MORRIS Contributing Reporter VINCENT YESENOSKY Senior Operations Manager (212) 224-3057 DAVID SILVA Senior Fulfillment Manager (212) 224-3573 REPRINTS DEWEY PALMIERI Reprints & Premission Manager (212) 224-3675 dpalmieri@iinvestor.net In selecting finalists for our second edition, we tried to be representative of the hedge fund market’s diversity. As you will see, this year’s 20 Rising Stars of Hedge Funds include managers focusing on a wide mix of sectors and strategies. Furthermore, they are increasingly becoming globally diverse, a trend that continues to gain momentum as managers look to operate closer to the markets in which they invest (see coverage beginning on page 10). A new feature in this year’s edition is the inclusion of league tables for hedge fund returns. Provided by Crédit Agricole Structured Asset Management Advisers, the tables include one-year and three-year performance leaders across 10 strategies. For perspective, we then speak to several of the performance leaders about their strategy and where they see the market headed in the coming year (see feature, page 12) In addition, as with all the titles in our Rising Stars series, 20 Rising Stars of Hedge Funds includes articles on the industry and compensation. Our industry overview addresses how hedge funds are expected to perform relatively well this year, particularly when compared to other investments (see story, page 6). In compensation, we reveal that overall remuneration is likely to rise again this year, thanks to a shortage of experienced talent (see story, page 10). PRODUCTION AYDAN SAVASER Art Director MARIA JODICE Advertising Production Manager (212) 224-3267 CORPORATE GARY MUELLER Chairman & CEO CHRISTOPHER BROWN President STEVEN KURTZ Director of Finance & Operations ROBERT TONCHUK Director/Central Operations & Fulfillment ADVERTISING/BUSINESS PUBLISHING JONATHAN WRIGHT Publisher (212) 224-3566 jwright@iinews.com PAT BERTUCCI Associate Publisher (212) 224-3890 ADI HALLER Associate Publisher (212) 224-3656 LESLIE NG Advertising Coordinator LIVE MAY 2008 • emii.com Customer Service: PO Box 5016, Brentwood, TN 37024-5016. Tel: 1-800-715-9195. Fax: 1-615-377-0525 UK: 44 20 7779 8704 Hong Kong: 852 2842 6910 E-mail: customerservice@iinews.com Editorial Offices: 225 Park Avenue South, New York, NY 10003. Tel: 1-212-224-3279 Email: eblackwell@iinews.com. OUR 20 CHAMPIONS Chris Addy Jennifer Ancker Clemente Cappello Scott Dooley Paul Eckel Ben Funk Allen Gillespie Jason Gold Jason Hsu Bruce Kirk Jack McDonald Pauline Modjeski Peter Plaut Anu Sahai Wing Mui Chris Tang David Vaughan Jon Venetos Emile Westergaard Richard Whelan Doug Wurth From the Publishers of: PUBLISHING BRISTOL VOSS Publisher (212) 224-3628 ARCHANA MARWAHA Marketing Manager (212) 224-3421 Another regular feature is our Mentors’ Page. Submitted by our finalists, these individuals are recognized for inspiring, challenging and cultivating the skills and character necessary to make our Rising Stars who they are today (see page 34). From the publishers of: A Publication of Institutional Investor, Inc. © Copyright 2008. Institutional Investor, Inc. All rights reserved. New York Publishing offices: 225 Park Avenue South, New York, NY 10003 • 212-224-3800 • www.iinews.com Copyright notice. No part of this publication may be copied, photocopied or duplicated in any form or by any means without Institutional Investor’s prior written consent. Copying of this publication is in violation of the Federal Copyright Law (17 USC 101 et seq.). Violators may be subject to criminal penalties as well as liability for substantial monetary damages, including statutory damages up to $100,000 per infringement, costs and attorney’s fees. The information contained herein is accurate to the best of the publisher’s knowledge; however, the publisher can accept no responsibility for the accuracy or completeness of such information or for loss or damage caused by any use thereof. Cover Photo: James Worrell/Photonica Collection/Getty Images 20 Rising Stars of Hedge Funds is the latest in a series of special supplements produced by Institutional Investor News exclusively for our newsletter subscribers. While it may be easy to point out those at the top of their field today, how many know who is going to rise to the top and become the leaders of tomorrow? IINews and our Rising Stars series seek to give our readers that edge. For more information, email risingstars@iinews.com. Enjoy, Erik Kolb Editor of Business Publishing Institutional Investor News 4 HEDGE FUND RISING STARS MAY 2008 http://www.iinews.com http://www.iinews.com http://www.emii.com http://www.iialternatives.com http://www.iinews.com

Table of Contents Feed for the Digital Edition of The 20 Rising Stars of Hedge Funds 2008

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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