Successful hedge fund managers possess key characteristics that contribute to their success. These managers play a crucial role in determining the performance of hedge funds. The chapter discusses the differences between hedge fund and mutual fund managers in terms of return expectations, performance measures, and compensation. It also explores the essential traits that hedge fund managers should have to succeed. Some of these traits are easy to identify and measure, while others are more challenging. Additionally, the chapter delves into the importance of social and human capital in the success of hedge fund managers.