(Bloomberg Markets) -- Not so long ago, T.F. Meagher worked at a hedge fund. It was a successful hedge fund, too—the $6 billion UBS O’Connor, which was actually gaining assets instead of losing them, unlike so many other hedge funds of late. The big leagues always had a certain appeal for the former University of Illinois shortstop. Yet after six years of working his way up to executive director, Meagher, 36, found himself mulling a new job in the spring at a boutique investment firm a fraction of UBS O’Connor’s size: the family office of Peter Huizenga, who helped build the Waste...