The CEO must be able to create core processes, to have a strategy, to develop a performance management system, to organize and plan.

FORBES: A Global Leader's Perspective on CEO Leadership: Part One

It is common for these funds to charge a performance fee, based on the success they have pursuing their investment strategy, in addition to an asset-based management fee, based on the amount of money provided by investors.

FORBES: The Simple Truth about Hedge Funds