Lessons to be learned

Whether it is a question of picking the best managers to invest with or just cross-continental competition, the issue of where the best hedge fund managers come from sometimes rears its head.

There are arguments for both the main centres of hedge fund management ' Europe and the US.

In Europe, the industry is relatively young and exciting and it combines the style and intellect of a whole host of countries.

It is often mooted that the best returns in a hedge fund are achieved in the first two year