David over at the SeekingAlpha
blog has an interesting post
about using exchange-traded funds in a way similar to how hedge funds invest, but do it in a way that is much less costly than a hedge fund. Of course, you have to know what you are doing before you start your own hedge fund. Therefore, this strategy isn't for the beginner. But, I thought it was an interesting idea.
Also, I think it is interesting that David thinks exchange-traded funds are going to lead to the demise of hedge funds. I don't see that happening any time soon.
Tags: Start Your Own Hedge Fund, Hedge Funds, Exchange-Traded Funds, ETFs