The price of independents

Independent marketers, along with others offering support services to the hedge fund industry, are growing in number but they have generated mixed reactions from hedge fund managers and investors.

Michael Goldman, managing director of Momentum UK, a global fund of funds with assets of over $1bn, estimates that his office receives "between 40 and 50 calls a month", from independent marketers. He reckons his staff then meet at most 10 or 15 managers a month, based on the quality of the materia