Operating a multistrategy hedge fund is no joke cost-wise. You're looking at significant infrastructure expenses, compliance overhead, and talent acquisition right from the start. Now, if you're trying to launch one from scratch? That's a whole different ballgame. The capital requirements to build out the necessary systems, hire experienced traders and analysts, and maintain regulatory standards? Absolutely brutal. It's not just about having great strategies—you need the financial firepower to support the whole operation before you even make your first trade.