Hey guys,
I have no idea why I'm about to write all this up. Perhaps in my half drunken state, some sense may be found in the body of text that follows
Currently and undergrad in a target school double majoring in finance and econometrics. I have a hard on for money (and lots of it), so I want to end up in IB and eventually a hedge fund (preferably quant, but not too worried about that now).
Anyways, I'm looking to build up my list of ECs in order to stand out for recruiters and the like. After meeting with a few fund managers at events and exchanging ideas and whatnot, I figured I'd start my own hedge fund. Still at uni. With no experience. Yes, I'm a moron.
I already own my own business and make good money from it, so I'm not short on capital. It's still not enough to even consider opening up a legit full fledged hedge fund (like with offices and data analysts and shit). That's the long long looongggg term goal, but for now I want to have something more manageable. I have a list of interested people (no high net worth individuals, mainly family members and friends) that would invest.
So obviously, I want to do this all online to mitigate costs. I have an investment strategy I'd like to implement, and I have a list of people wanting to give me money. So where do I go now? Do I have to pay legal fees and registration costs and all that? If not, could I still say I have a legit hedge fund in my resume to banks?
I've researched the idea of investing in 'syndicates', if that means anything to you guys. Sort of like a superfund thing, where I invest in many funds.
Thanks for the help, and forgive the inconsistencies if any arise
Do you have any investment experience? I feel like you should build up your skills first trading your own money and maybe family/friends money informally using your strategy before you start consolidating anything. My friend manages seven figures of friends/family assets and he still does it informally through separate trading accounts for people. I don't think you should consolidate until you have the experience and track record you need to attract clients.
I've regularly traded and invested for over 3 years now. Nothing earth shattering, but I've made some decent gains (especially for someone who taught himself out of school).
As I said, my 'client list' would constitute of family members and close friends. I don't plan on making this a full blown hedge fund, just something I can put in my resume to impress for internships and a FT role.
Having said that, would I need to have the fund legally registered for me to put that on my resume?
I mean, I can always put something like "managed assets for clients" or something like that on my CV, but I think putting "hedge fund" would sound much better.
Thanks for the reply
If you were working at an investment bank, and given the job to screen candidates, what would you think if some kid fresh out of school listed "runs a hedge fund"? Think about that for a bit bit. Personally, I would think you are either completely exaggerating, an outright liar, or just a complete d-bag.
Just be honest, call it what it is. What you are doing is fine, and i'm sure they will appreciate that over someone with less experience, but you aren't running a hedge fund. Period.
Thanks for your insight YH.
Yea a good point for sure. So would I word it as 'Asset Management' or 'wealth management or something like that? Do I mention my strategies?
So manyyy questions...
If you're doing this so you can put it on your silly resume, I'd forget it. This is not a game of cards; You're playing with people's money here.
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