PREPARING to launch a hedge fund in 2017, Arnaud de Lasteyrie faced a tough choice: limit himself to running money exclusively for a single client or keep chasing to win a diverse range of investors.
The former Societe Generale proprietary trader and his co-founders chose to take the money that was on the table, initially managing cash only for multi-strategy hedge fund Schonfeld Strategic Advisors, accepting the risks to his fledgling firm if it fell out of favour with its sole benefactor.
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