Introduction

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PART ONE Snapshot of the Hedge Fund Industry

1 The Watershed Events of 2000

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2 Unofficial Reasons for Retirement

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3 Overview of the Hedge Fund Industry

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PART TWO The Superstar Managers

4 Common Threads among the Superstar Managers

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5 Lee Ainslie, Maverick Capital

Based in Dallas, this $6 billion-plus classic long/short hedge fund manager is known for his intensive fundamental research and bottom-up approach to stock selection. The focus is on medium- and large-capitalized U.S. equities. Ainslie's hedged equity strategy has not yet experienced a down performance year.

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6 Leon Cooperman, Omega Advisors, Inc.

Known for his U.S. stock-picking ability, this manager is intensive and demanding of himself, his employees, and the companies that he follows. He is an energetic and active portfolio investor who takes a value approach to investing.

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