The Hedge Fund Report: Graduating From Harvard

It didn't take long for someone to set a new record for the biggest hedge fund launch. Jack Meyer, the former manager of Harvard's endowment, raised $6 billion for his new fixed-income fund, Convexity Capital.

Meyer beats Eric Mindich, the former Goldman Sachs(GS Quote) luminary, who raised $3 billion for his Eton Park fund last year. During his 15 years at Harvard's $26 billion endowment, Meyer gained a reputation as one of the best hedge fund investors in the country. He dragged 30 people from Harvard along with him to Convexity.

What Worked

Tremont Capital Management reported that three strategies -- global macro (bets based on macroeconomics views), emerging market and dedicated short bias -- attracted the greatest amount of net assets in the fourth quarter. ...