They bet right on subprime, poached high-profile talent and helped shore up AOL when it looked like the company was sliding into the abyss.
And while you might not know their names now, you will soon.
They are the five hedge fund stars of the future as identified by Institutional Investor, which is joining CNBC to present the fourth Delivering Alpha conference Wednesday. While the gathering will focus on established stars like Leon Cooperman, Carl Icahn and John Paulson, there's also plenty of attention to the big movers ahead.
As CNBC marks its 25th anniversary and looks to gauge what's ahead, Institutional Investor profiled the five names to watch (Get the full report here):