I think there's an opportunity for funds to service a certain class of higher-tier retail investor with a few tens of thousands to invest looking for an activel

I think there's an opportunity for funds to service a certain class of higher-tier retail investor with a few tens of thousands to invest looking for an actively-managed vehicle capable of going long and short in a variety of markets while following a particular investment philosophy or thesis. Institutionally-focused hedge funds can't really do this, being held as they are to their mandates. Co-investing/social investing services like Motif meet part of the need, but only as long only equity portfolio construction services. A small team comprised of an analyst or researcher with deep expertise in a specific theme, a quantitative risk manager, and a portfolio manager/trader could maybe make a good living for themselves running a $20-30m portfolio for tips. So I guess that's a new category 6, reliant on the aegis of something like OP's startup. That team couldn't really support themselves independently and they certainly couldn't market to the investors that might actually want to buy in.