June 2010
Intermediate to advanced
208 pages
5h 28m
English
Chapter 5
Hedge Fund Start-Up Guru
I hated every minute of training, but I said, “Don't quit. Suffer now and live the rest of your life as a champion.”
—Muhammad Ali
Thousands of hedge funds are started each year, but not all survive. Many start-ups are stopped in their tracks before they ever begin trading the portfolio. This chapter provides some hedge fund start-up-related tips as well as interviews with hedge fund start-ups that have survived and succeeded in hiring, raising capital, and operating for several years. In this chapter managers share lessons they have learned, what they wish others had told them before launching, and their top tips for emerging hedge fund managers.
Why important: Over 1,000 hedge funds are launched each year. Despite this high level of competition, most hedge funds repeat the same mistakes as they launch their businesses. This is not necessarily the fault of the hedge fund manager, because information on starting a fund is sparse and often only provided by firms with a strong vested interest in directing your hard-earned dollars toward their bank accounts. Through this chapter you will be able to quickly pick up valuable lessons from those who have started and grown their hedge funds, and worked with thousands of fund manager start-ups.
BONUS VIDEO MODULE
To watch a video on wow to start a hedge fund, please type this URL into your Web browser: ...
