How to Build a Hedge Fund Target List

Richard Toad

02 Aug 2026 — 5 min read

I will show you the step-by-step on how to build a list of hedge funds (or long-onlys) to network with for job leads.

Step 1: long-only or long/short

Long-only: buy low, sell high. If everything's overvalued, they stay in cash.

Most big mutual fund companies are long-only — Fidelity, Wellington, Capital Group, T. Rowe Price. They are the supermarkets that offer products under every investment style: value, growth, income, core.

The smaller long-onlys have a style or sector focus — Diamond Hill (bought by First Eagle) is value, Cantillon is GARP, Baron and Sands are hypergrowth.

Note: I am folding my networking course into the newsletter. This content is available to paying subscribers on the All Access and Fund Database tiers.

Want my insider takes?

8,000+ readers get my weekly insights on public equity research.

Serious about public equity?

Catch job postings others miss. Join our job board

Read my other published articles:

📇 Connect with me: LinkedIn | Instagram | Twitter | YouTube

If you want to reach our 8,000+ high-engagement readers, contact me

How to Read a 13-F

Note: I am folding my networking course into the newsletter. This content is available to paying subscribers on the All Access and Fund Database tiers. One of the must-dos in doing diligence on a hedge fund is flipping through its 13-Fs. A fund with at least $100 million

Why Hedge Funds Fail

Hedge funds fail all the time. You only hear about the famous ones. First half of 2026 has been a rough one: Tiger grandcubs Alua and Atlantic Wolf closing shop, Ricky Sandler's Eminence shutting down, Bobby Jain returning to running money just for Millennium, multi-manager platform AB

Elliott Management

Every hedge fund says the same thing. We don't lose money. Most of them are lying, or at least exaggerating. Elliott Investment Management (“Elliott”) is one of the few that actually backs it up. It its nearly 50-year history, Elliott has only two down years. Today it

Tiger Cubs: Part III

They were Tiger's cyclical guys, and they turned into legends in their own right: Bob Bishop, Dwight Anderson, Paul Touradji and Jim Murchie. In this issue, we tell the stories of two Tiger Cubs: Paul Touradji, founder of Touradji Capital, and Jim Murchie, founder of Energy Income Partners