Book excerpt: How not to approach fund allocators. An excerpt from Ted Seides’ So You Want to Start a Hedge Fund: Lessons for Managers and Allocators.  (Enterprising Investor)

Quote of the Day

"Your biggest risk isn't that your manager will underperform, it's that you'll panic and do something stupid and self-destructive..."

(David Snowball)

Chart of the Day

Startup investors pulled in their horns in Q1 2016.