Looking at the top ten of Institutional Investor’s Alpha Hedge Fund 100 List brings to life a statement made by Elliott Management founder Paul Singer. He noted that an investor achieving a strategic objective by investing in a fund makes hedge fund fees more palatable. Elliott Management, which was one shy of making the top ten list, engages in a wide variety of strategies that are at times dependent on the performance driver of aggressive persuasion. Such discretionary tactics that at times can involve emotional decisions are an issue that many of the managers in the top ten and their...