Counting the costs

Considering setting yourself up as a hedge fund manager? There are various lures prompting this thought: the joy of being one's own boss, the excitement of establishing a business, the perceived 'sexiness' of alternative investments and, most importantly, the anticipation of a significant income boost arising from the management and performance fees that hedge funds levy.

From a practical consideration, however, there are several issues that can slow up, or even nullify, this move.

The need to wor