The bull market of the late 1990s created significant wealth, yet subse- Tquent bear market years diminished many investor portfolios. Natu- rally, investors find the concept of shrinking assets to be unacceptable and seek ways to generate greater wealth. Emulating the best practices of the world’s most successful investors has led to increasing “retailiza- tion” of hedge funds, funds that formerly were available only to the world’s richest individuals.