A.W. Jones holds the distinction of being the world’s first hedge fund. It was started in 1949 by a middle-aged journalist with a masters in sociology and little-to-no investing experience. It’s probably a bit of an understatement to say that hedge fund founders today — type-A personalities with an obsession with finance — would find its founder a little odd.
This is a companion discussion topic for the original entry at https://commoncog.com/c/cases/aw-jones-hedge-fund