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Hedge Funds Proliferate

IN REVIEW 2002, PART 1

If you wanted to become rich and famous in 1993, you became a proprietary derivatives trader or an investment banker at an iconic Wall Street broker-dealer such as Goldman Sachs, Lehman Brothers, Morgan Stanley or at a global investment bank trading powerhouse like JPMorgan, Citi, Barclays, Deutsche Bank and Credit Suisse.

Ten years ago, the dotcom boom was in full flower. Not only did graduates migrate full tilt to "technology" firms with usually no business plan and many times no "technology,"

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