Reservoir's Daniel Stern on the Changing Business of Seeding

September 12, 2016   Michael Peltz


The longtime hedge fund investor explains that while it's harder than ever to start a hedge fund that lasts, providers of start-up capital have gotten better terms.

Daniel SternReservoir Capital GroupThe entrepreneurial spirit runs deep in Daniel Stern. Using a $200,000 investment and a $3 million bank guarantee from Texas’s wealthy Bass brothers, his father, Robert Stern, in 1980 co-founded GTECH Corp., a Rhode Island–based company that …

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