While I realize that there is a pretty basic foundational Archetypal pattern that has existed for sometime regarding hedge funds, I am still having a hard time mapping it our into our framework.  My purpose is to understand the business better, and identify if there are possibilities for innovation.  I am newbie at Business Model Generation and Design so there are things that I may not fully understand that would allow me to identify the building blocks much more rapidly. My understanding of LEAN and Lean Six Sigma [and the associated BPM that is a attribute of those methodologies] has not yet helped me, so I thought that I would reach out to the community for further understanding. 

I am using the following blog post to give a brief bit of understanding about the model and industry for the uninitiated: 

http://richard-wilson.blogspot.com/2009/02/hedge-fund-business-mode...