Institutions are putting money into hedge funds to access some of the world's best investment management talent and to source returns that aren't correlated to the markets.

As hedge funds become more institutional, and we predict that eventually 85 percent of assets will come from institutions, there will be downward pressure on fees. We just aren't seeing it yet.

We are also in the grips of liquidations by hedge funds and a lot of dealers don't want to see big exposures,

Registered funds have opened up hedge funds to a broad audience.

A good story has things that draw you in, like great management and great fundamentals, ... A good investment has many of the same characteristics.

Jeanne is an outstanding retail and management talent who has developed successful brands and programs in both traditional and online retail channels,