26 Year Old Female to raise $200 million Short Hedge Fund
"26-year-old Fahmi Quadir, who expects to raise $200 million at her newly created Safkhet Capital and begin trading early next year, may face an uphill climb. Hedge funds have come under fire for high fees and unimpressive returns. Fewer startups rolled out in 2016 than in any year since the financial crisis, and launches fell about 8 percent in this year’s first quarter, according to Hedge Fund Research Inc."
She is a protege of notable short seller Marc Cohodes and in the past 2 years, she worked recently in Krensavage Asset Management where she pushed for the short against Valeant, which Bill Ackman took the other side of and lost a ton.
A couple discussion points: Thoughts on short focused hedge funds? Thoughts on raising capital and convincing investors to give you $200 million at age 26?
OP:
Not buying this unless she's locked up some funds already (very rich family/friends?)
Sounds like a fantasy to expect to raise $200M on the basis of a few good short - calls for what is essentially a no-name fund. It also appears she has only two years of experience?
There are literally thousands of people with equally good track record of calls. If you manage a diversified portfolio you need to make dozens of correct calls a year.
This entire thing sounds absurd, but who knows