author : Scott FearonScott Fearon worked as a stock analyst and mutual fund manager before launching his own hedge fund, Crown Capital Management, in 1991. Since its inception, the fund has averaged an 11.4 percent annual return after all fees—50 percent greater than the benchmark S&P 500 index’s total return over the same time period, and well above the hedge fund industry average. He has written for Seeking Alpha and lives in Marin County, California.