Hedge funds are launching leaner and faster than ever

picture alliance/Getty Images The rise of separately managed accounts is enabling faster, leaner hedge fund launches. SMAs, outsourcing, and improved technology help small hedge funds scale fast. Funds can launch with a single employee, like Bayhunt Capital, but credibility remains essential. A decade ago, a one-person hedge fund firm would've sounded far-fetched — science fiction for managers, and a due diligence horror story for allocators. Back then, institutional investors wanted to see...