Joining a start-up hedge fund is not always a good idea. : Joining a start-up hedge fund is risky. Many fail, others take years to turn a profit, while some star fund managers – Chris Rokos, Edward Eisler or Edouard de Lanlade – have been hitting it out of the park in the first couple of years of operation. Another hotly anticipated hedge fund launch in 2015 was Greenvale Capital, the $150m fund set up by Bruce Emery, a former Citadel portfolio manager who also ran his own hedge fund Naya Fund for two years.