Smart money

The investment universe has changed a great deal since the US's Sandra Manzke made her make-or-break career leap into the brave new world of hedge fund investing.

As the founder of Tremont Capital Management, the specialist investment advisory house and part of the group that is arguably the world's best known hedge fund index provider, she stands out for many reasons, but particularly her working relationships with many of the world's most celebrated and successful managers.

Back in 1984, whe