In a roundabout way I do invest in hedge funds as part of professional work. At the very least, I have a financial interest in certain funds' success because it will directly translate to my own financial success. (Anticipating a question - I do work in finance, not just the security consulting which is in my profile, and I cannot be more specific than that).

Per your parallel comment - can you define "measurable"? For example, can I just choose RenTec's Medallion and call it a day? How quickly does data about the fund's annual performance have to be available, and from which source preferably?

At this juncture it might just be easier for you to email me :)