Starting a Hedge/Private Equity/Investment Fund and Raising Capital?
IB
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(Senior Monkey, 91
Points)
on 6/15/11 at 7:37pm
How does one usually do it successfully? Are most fairly experienced in the industry before they launch their own fund? How about contacts? Thanks.





It's really hard (and I would
It's really hard (and I would know). You need a good product/thesis and the contacts and be prepared to spend a nice chunk of your personal money getting everything set up and funding yourself while you build track record. How much experience matters depends on what you want to do, but obviously more is better.
It's the ultimate high risk/high reward career move.
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Read Barton Bigg's Hedge
Read Barton Bigg's Hedge Hogging, it'll show you how much a pain in the ass it is to start one.
People like Coldplay and voted for the Nazis, you can't trust people Jeremy
You have to have a good rep.
You have to have a good rep. on the street. Be ready to shell out at least 2 million. Good luck!
"Climbing a mountain that's only getting steeper"
-Barboon
Obviously its tough..but
Obviously its tough..but there is no one set way to do it. Look at Citadel. Ken Griffen found it at 22 with no industry experience.
Einhorn started a few years in the industry but with only $1m dollars
Cornwall capital had an initial capital base of $110k.
It doesn't cost much to set up a hedge fund and can easily be done for less than ~$50k. The hard part is finding seeding capital and performing