A rare yellow lobster and finding the 1 in 10,000,000 jewel in the haystack of hedge funds

Yesterday, a rare yellow lobster was found off the coast of Rhode Island. Scientists estimate that it's about a 1 in 10,000,000 find. You can see it here. There are only about 13,000 hedge funds trading today worldwide, and to be completely honest, most of them are garbage. Finding the few out of the 13,000, that will survive and perform at a very high risk adjusted return for more than 5 years is very difficult. But if you can find them, the effects on your portfolio will be profound. Managers that have been able to produce these types of returns, represented by high risk adjusted returns over several years are very rare. Some who come to mind are Millennium, Ralph Wanger at Acorn Investments and Peter Lynch. There are certainly others also and I will try to post a more exhaustive list.