(Reuters) For Jonathan Kinlay, no novice at setting up a hedge fund, this time around was much harder.In the traditional Grand Tour of investment banks looking for help to finance his trading, he was politely turned down by no less than six for being too small. The response, says Kinlay, chief investment officer of New York-based Systematic Strategies LLC, was the same at each of them: “We’d love to help you. We know you. Give us a call as soon as you’ve got $50 million.”
Picky banks play hardball with hedge fund clients
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