You can only manage what you know about. When financial matters are concerned, the issue of management tops the list. Unless, you train yourself to be a good manager, you cannot do much with your funds.
So, the starting point when you are concerned with how to work on your hedge funds is to get the best understanding of what this means. You would need to understand that hedge funds are only limited to private investments.
You also need to know that these funds are not regulated by any regulatory body at all like it is in other finance schemes. Then, once you have this understanding, you will need to find out how much you have and which you need to invest. With this, you would be able to make the next steps. It is part of the management.
You also need to understand that you have only limited partners when you are contemplating investing the hedge funds. So, your management would need to be a little stricter because there are only few people who can buy shares from your invested finance.
But, before you even get this far, you need to screen yourself. The big question is, are you eligible to trade hedge funds? If your answer is positive, then you would be sure that you can actually begin to learn the basics of how you would be able to manage your funds.