Have a friend who’s starting his own family and friends investment fund. Hopefully he does well.
Interested in hearing if anyone has had coworkers or friends start their own and how it went for them.
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jipsipbip, sorry about the lack of response. Maybe one of these topics will help:
More suggestions...
You're welcome.
How do you start your own hedge fund? You have wealthy parents and friends who will give you a lot of money to start. Even Buffett raised assets from family and friends of his father - a Congressman. The alternative is to work at a tiger cub fund, become highly successful to the point where you can live off your money and/or can raise assets off your track record
In general it doesn't make sense to start a fund unless you are already "made" (ie. de-risked) b/c with a small asset base you can make more money working for someone else (an investment fund)
Nope, all my friends are poor lol
How much experience does this person have? I personally wouldn’t invest with friends or family without some experience and a real strategy that I understand.
I’ve had a few friends/colleagues start funds but that was after many years working at top funds (most successful one runs about $1bln). Those that tried early on usually failed (and needed family money, no way you can raise from investors without experience).
I know like 6 people who have started their own funds. They worked at successful funds and then went off on their own early-mid 30s to try their hand. At peak they were managing between 50 and 300 million. Only one of them is still running, and that's the newest one (3 yrs old). It's a tough biz, even if your ideas are good you can get screwed with bad luck in the market or a client pulling money at an inopportune time.
Yeah all of them are doing surprisingly well. You can only do this with family money though.
do all the people you know who did it do so with family money?
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