Only managers who have stood the test of time can cope with the challenges of investing today

he investment universe has changed a great deal since 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 probably the best known hedge fund index provider in the world, she stands out for many reasons, but particularly her working relationships with many of the the world's most celebrated and successful managers. Now the hedge fund world has gone mainstream, with institutional and retail money flooding in faster than many managers can cope with and...