How to start a hedge fund

Aspiring to be an investment manager, I often think about how to bring effect into my cause.
I've often wondered about how to start off in the business.
Perhaps I'd have to start with a fairly small amount of money, then build up from there.
I found out that the proper term for this sort of venture would be called a 'Hedge Fund'.

Having only touched online resources so far, I came to the conclusion that the best and most-used way to start a hedge fund is by boot-strapping, in other words, to start with your own money, or support from close family and friends.

Boot strapping has also been found to be one of the most reliable ways to start a business, since a new business has lots of risk, and often paying interest on a loan can become big draw down as time drags on, especially when no revenue is generated.

But we always have the story of 'gilt-edged' graduates e.g. Harvard or Wharton graduates who get funded for whatever project. However, that is another story.