New Hedge Fund Managers Jump Into Beaten-Down Arena

New life is being pumped into the beaten-down hedge fund industry as laid-off workers from the banking sector, and others looking for a fresh start, try their hand at lead-managing other people's money.

This new batch of fund managers is taking advantage of a view held by many that being new to the field can be a good thing. Investors see them as being untainted by the problems that plagued the hedge fund industry in 2008 - everything from negative returns to corruption scandals like the one involving Bernard Madoff to the decision by many managers during crunch time to not let investors have their money back.

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A couple years ago ... $10 million might have been viewed as small in an oversized hedge fund world drowning in capital.