How to get Trading job at a Hedge Fund?

Discussion in 'Professional Trading' started by midlifeguy, May 28, 2007.

  1. toc

    toc

    marketsurfer,

    agree and disagree, the free market will follow the profits even if $40K/month infrastructure is not there. First develop a system, and trade it profitably and then ofcourse 'bullet proof' audit for like two years atleast.

    money follows the profits like puppies. i have seen many instances where HF/CTAs with just one year real time real money track records have raised funds into 8 figures i.e. over 10Ms.

    Then again who said you should have office in Manhattan and spend $10K a month on electronic data subscriptions and gadgets and $250/hour lawyer support.

    One knew one guy who joined Merril Lynch as broker. They made him buy the latest model Lexus. I asked him did it help his business..........answer was 'nopes, but it did help him get lots of chicks'. Soon the Lexus on lease was not on his marketing strategy. :D
     
    #31     May 30, 2007

  2. thanks, toc.

    however, i dont agree. institutions are WAY more concerned about the preservation of capital than the fast growth of same. extreme ramp up is viewed as a negative. yes, some high net worth individuals chase the hot hands of the moment, this is likely where your friends raised their money---not from institutions.

    a lexus gets you chicks...... funny!!!!

    best wishes,
    surf
     
    #32     May 30, 2007
  3. I've seen Peewee Herman pick up chicks with his superbike...
     
    #33     May 31, 2007
  4. These institutions should just invest their assets themselves; they don't need to give away 20% of their profits to a hedge fund. They can just buy index tracking stocks, hold for the long term, and beat most hedge fund's performance.

    But since they do use hedge funds, my goal one day is to manage at least $1 billion, working from home in my Spiderman pajamas. I don't want to pay rent for overpriced NYC office space just to make the building owner rich and spend 1 hour commuting in rush hour traffic. The money that I save by not renting NYC office space, I can use that money to donate to help feed the poor and hungry people of Africa.
     
    #34     May 31, 2007
  5. trading in hedge funds is risky.
     
    #35     May 31, 2007
  6. docamar

    docamar


    Surgeries are already being performed by robots. Check out ISRG, one of the fastest growing companies in the medical equipment space (Not surprising is it?).

    http://www.fool.com/investing/general/2007/04/23/robust-returns-in-robotics.aspx

    Also, NASA is planning a series of tests to check viability of robot-performed surgeries in space (controlled by humans on earth)!

    Your worst fears probably coming true!

    Regards,
    Amar
     
    #36     Jul 1, 2007
  7. If all the firms start using algorithms, are the days of the Trader over?


     
    #37     Jul 2, 2007
  8. Maverick74

    Maverick74

    What are you smoking? There are plenty of good jobs out there. Look, I see your bag. You worked some corporate job, got laid off, tried your hand at trading, didn't make any money, now your falling back on your last hope, working for a hedge fund. LOL. Look, just because you're not hacking it, doesn't mean others aren't either.
     
    #38     Jul 3, 2007
  9. Not true...I am actually paying bills with my trading.
    I just am not crazy about the isolation, lack of benefits
    and retirement. So you don't think Corporations have laid off or squeezed out people over the past 10 years?
    They are begging for people? Do you know anyone in any HR department? They are so overloaded with resumes they don't know where to begin. Trading jobs
    have disappeared like crazy. The buyside is going electronic and the sellside has been crushed by penny spreads. I think you are the one smoking crack.

     
    #39     Jul 5, 2007