A new hedge fund launching next year hopes to be the ‘farm team’ for the $5 trillion industry
Riptide Advisors, a new multi-strategy hedge fund, plans to hire unproven talent as portfolio managers. Young PMs who succeed will get more capital and a path to starting their own company. Tyler Errickson, the company’s founder, said he envisions the fund as the minor leagues of the industry. Tyler Errickson doesn’t plan to compete with…