There are few experiences so upsetting as watching lots of people 'mint' themselves a fortune while you miss out.
Washington-based Carlyle Group estimates that there are 9,000 hedge funds, with investments worth about $1 trillion.
Some analysts reckon so many funds have been launched, the market has reached saturation point. Others say there is still plenty of scope for growth and much demand for skilled operators.
In reality, you can still make money, though you'll need to be a lot smarter