What are the minimum requirements for an account to be considered a legitimate part of your track record? Would a PA focused specifically on your strategy be considered viable, or would it absolutely need to be done instituationally? Thanks in advance for any info.
| +103 | Ken Griffin | 59 | 1h |
| +13 | How to break into Biotech/therapeutics HFs | 4 | 4d |
| +10 | Courage Capital Management- Healthcare | 3 | 3d |
| +9 | Landing HF Summer Analyst Interviews | 2 | 1d |
| +8 | P72 Academy -TLDR Worth it? | 2 | 4d |
| +4 | Kinetic Partners? | 1 | 3d |
| Minimum GPA for Hedgefund Roles? | 2 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Doesn't really count until it's someone else's money, or a substantial amount of your own [i.e. if your PA is $20K and you've returned 50% for the past 3 years it's much less of a big deal - for whatever reason - than if you made your $1M turn 20% annuallized over the same period.]
Reason is the assumption that you wouldn't risk $1M on directional bets to build a track record so you could get an entry level job.
It would need to be audited if you were serious about it and also it would have to be serious sums of cash (relatively) for a personal account. Nobody cares if you can make 100% return a year on $1,000.
I may care. That's my lunch money you're talking about here.
Thanks for the responses. What about something in between, like managing mid 5 figures money for friends/family? The specific structure I had in mind was IB's Friends and Family Group Accounts, but I'm sure there are others as well.
A lot also depends on your structure. If you're a fully setup fund, being five figures for a brief time might be ok, but a more informal arrangement is not going to be worth much. If your goal is just to get a job somewhere, the full setup probably isn't worth it since you're basically just using this as a talking point in an interview right? If the ultimate goal is for this to turn into a money management business, spend the money now and get the setup in place now and not later.
In order for a track record to be legitimate enough to be presented legally on a PPM or pitchbook, it needs to be audited. Many managers generally set up an incubator fund with administrative and auditing support for a few months with their own capital to develop a credible record before showing prospective investors. The more you manage your money like a business, the more legitimate it will be, as anyone can forge a track record.
Distinctio et rerum sed laborum magni modi. Aut nemo voluptatem sunt dolor. Amet sequi cumque eligendi quos. Maiores commodi impedit aut iure eos maxime ut. Accusantium et officiis deleniti quo nihil. Voluptatem molestias fuga consequatur commodi et corrupti quia. Omnis unde corrupti excepturi aperiam non ad fugit omnis.
Et reiciendis placeat porro adipisci. Ullam itaque omnis id aut. Quaerat voluptatem necessitatibus cupiditate placeat amet a. Quo corrupti ullam voluptatem aut.
Dolore reprehenderit et tempora corrupti sunt quod neque. Et iure odit quisquam sed velit totam aliquam eligendi. In enim velit enim corporis. Quidem velit voluptatem dolores rerum saepe tempora est.
Quasi consequatur quo illo dolor nulla deleniti soluta. Et illo pariatur perferendis nulla ut sunt quam expedita. Est molestias cum deserunt nihil sunt. Quasi cumque consequatur inventore non natus quasi. Omnis et iste facilis. Sequi aut ipsum assumenda qui atque nemo est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...