Smart money

Sandra Manzke has built an enviable reputation over decades on thinking differently. So it is little surprise that, as the hedge fund universe homogenises, she is setting off to ventures new

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, when

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