| Topic Name: |
Success Stories |
| Message Name: |
re |
| Date Posted: |
11/24/2003 |
| In Reply To: |
It seems most of these guys got started off their own backs. From what I've read most of them just started trading their own accounts and gained funds via word-of-mouth.
What do people reckon the chances are these days of someone similar starting their own fund without working in a big IB? Are the markets too sophisticated these days? (e.g. most of the now-famous hedge fund managers started trading in the 70's).
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| Message: |
If you can produce above avg returns (audited by a reputable accounting firm) over a decent period of time (6-18 months) it's easy to find capital.
Too sophisticated? Yes, there are numerous shops that use quant analysis, etc... but there will always be opportunities to make money in the markets. They key is being ahead of the game. Look at the products that are ignored by the BBs and quant shops i.e. the less sexy commodities, debt and equity of small lesser known companies, etc...
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