Well here is my dilema.
A good friend of mine is a real estate investor but in the recent year has a lot of capital and no place to invest in being that real estate is garbage right now.
So we sat down for dinner 2 nights ago and he brought up the "hedge fund talk" he told me he has 5 million cash to invest and wants me to help him manage it while getting payed for it. Him and I always talk about events and how they affect the market and I have advised him on how to invest and I've been right 9-10 times.
I dont have the guts for shorting (since thats more like predicting a price) but I've been right about commodities for the past 3 years and big companies going under small companies making it big etc. But my preditictions are usually 6 months out not same day market or next week type of deal.
He is a math genious and would like to use his "gift" to make money also.
my question is. What do I do? being that im doing an internship at Merrill right now and going to school.
If we do start this out which company has the best trading platform to do it with?
I know a couple of very high networth individuals that we could go to when we have a track record and hard $$ to prove it.
If someone put this on the table for you to eat, would you? and how would you go about it? I want to go in to IB very badly but im also "old" (25 and have 3 yrs left of school) and have been told to keep my options open, would this be an "option".
Your opinion is highly valuable. specially if you work at a hedge fund.
Citadel was founded with $4.2 million. Greenlight Capital was founded with $900,000!
Are you 110% confident in your strategies? (How repeatable are your 9-10 correct predictions?) It would be horrible to learn as you go with $5mm of someone else's money.
Have you ever hear the saying "It takes money to make money"? that's my problem, I dont have money to invest.
My strategy is pretty much in the light as far as Arb goes but when it comes to commodities I have been right over and over and over again. Through a strategy that works! commodities are about the easiest thing to predict.
I was bearish on Gasoline back in january for may, june and july contracts and for the first time in 15 years gasoline did not sky rocket in the summer months.
How do you go about filing paperwork and again obviously we would start with E*trade, Schwab, TD ameritrade or Merrill online platforms, which one is best?
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