The demise of Scudder Weisel Capital, the alternative-investment joint venture started just three months ago by Thomas Weisel Partners and Zurich Scudder Investments, offers lessons for other hedge fund sellers and advisers to the high-net-worth crowd.

One lesson: Even with the backing of a sound business model, certain investment products are meant for certain tiers of investors, and a bear market is the wrong place to test something innovative.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.