Location on new funds

So I am in no way part of the hedge fund industry, but, I am curious that if someone were to have the credentials and the track record of performance could a successful hedge fund be started up somewhere other than NY/NJ/CT and if they could be successful does anyone think they could ever compete with some of the larger funds around currently or is this business solely dependent on being near Wall St?

 

I gues what I was trying to ask is, if you started a fund, in let's say Houston, and you had the track record in your opinion would that start up hedge fund be competitive to a similar start up on wall st? Or would the wall st hedge fund have the advantage of being in that fincancial environment?

 

I've thought about starting a fund in South Dakota just so on my marketing materials I can put: "best performing fund*." Should help with fund raising.

*in South Dakota

26 Broadway where's your sense of humor?
 
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