A 20-year-old who dropped out of NYU says he has raised $5 million for his hedge fund

Question

Here is the full article from Business Insider: http://www.businessinsider.com/julian-marchese-ra…

This sounds like a joke to me. This guy is presumably from a rich family and goes to NYU, and yet he could not get any real SA / FT jobs? He literally has no work experience. In addition, my experience with amateur quant investors (especially with the market we've been in for the past few years) is that they get a bloated sense of self esteem and confidence because their simple models (e.g.

Gangster Putin · Accepted Answer

https://www.linkedin.com/in/julian-marchese-58495523

[Business Insider profiled ](http://www.businessinsider.com/julian-marchese-young-hedge-fund-manager… guy already. This ratfucker wakes up at 11AM to run his hedge fund. I would definitely trust my money with him.

There seems to be a whole class of kids, empowered by TheStreet, Seeking Alpha, and mom and daddy's money starting "hedge funds" and investment firms. Their efforts would be innocuous if the dumbass business media didn't fawn all over them embarrass the investment industry meanwhile.

TheBuellerBanker · Answer

LOL "ratfucker" might be my new favorite insult

SanityCheck · Answer

"While he's in class, it can make trades that satisfy his algorithm, which can be simplified as: "If the time is X and the rate of change is Y, buy the stock."

Genius. Why didn't I think of this? Waking up at 11am is very efficient as well. Why not wake up at 4pm? Even better.

"And in the time Marchese was in meetings, class, and the dining hall, the S&P dropped 30 points and his automated program picked up 16 new positions. Out his window, the sun sets to the west of the Freedom Tower. It's just another day at the office."

The most money he's making will be for his e-broker.

Gangster Putin · Answer

Not my own idea. Richard Nixon was fond of the term.

On a side note, both Nixon and his number one detractor, Hunter Thompson, have provided some of the funniest, albeit sometimes racist and homophobic (on the part of Nixon) quotes I've ever read.

Thompson:

"If the right people had been in charge of Nixon's funeral, his casket would have been launched into one of those open-sewage canals that empty into the ocean just south of Los Angeles. He was a swine of a man and a jabbering dupe of a president. Nixon was so crooked that he needed servants to help him screw his pants on every morning.

+37	Ken Griffin	23	1h
+22	Am I missing something here – semicap trade?	14	4d
+20	What resources to push/ask PM for?	15	2d
+12	How to break into Biotech/therapeutics HFs	4	2d
+11	Which sectors are having the toughest (and best) time right now in the MM / Net Neutral space?	7	1d
+10	Courage Capital Management- Healthcare	3	1d
+9	Landing HF Summer Analyst Interviews	1	1d
+9	How much does GPA matter for MM HF recruiting from IB?	2	5d
+8	Molecular Bio Researcher Interested in "research" at a hedge fund	2	5d
+7	HF / credit fund returns as of Q1-26	7	1d

1	redever	99.2
2	kanon	99.0
3	Secyh62	99.0
4	BankonBanking	99.0
5	dosk17	98.9
6	Betsy Massar	98.9
7	DrApeman	98.9
8	GameTheory	98.9
9	CompBanker	98.9
10	bolo up	98.8

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

A 20-year-old who dropped out of NYU says he has raised $5 million for his hedge fund

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

A 20-year-old who dropped out of NYU says he has raised $5 million for his hedge fund

Trending Content - Hedge Fund Forum