In the November 2007 issue of Wilmott Magazine, Ed Thorp wrote a piece called ˜Investing in Hedge Funds." To have Thorp writing about that topic is like getting advice on how to run an insurance company from Warren Buffett. Thorp, now 75, is among the oldest and most successful of the quants. He ran hedge funds for decades and says he has averaged a 20 percent return, after fees, over the past 30 years. He taught math at M.I.T. and invented the modern version of card counting, chronicled in his bestseller on blackjack, Beat the Dealer.

                                                      - Conde Nast
                                                        September 2008 Issue
                                                        The Quant's Bible

Thorp's Fund of Hedge Funds