Leave IB to go work at brothers hedge fund?
Good afternoon, I am an analyst at a BB in London, my brother has offered me a portfolio manager role at his hedge fund. Heres some background on him; he founded a tech startup and got really lucky; launched his IPO and then got fucking rich. So he started a HF and now has $300 million AUM, I have no fucking idea how he managed to do that. He also wants to hire my wife who is a quant and has a degree in computer programming and computational finance. My brother says he will split the 20% fee between me and him 50/50. My wife gets nothing he says, as me and her have a joint bank account. Is he on coke, or is this a good offer to accept?
People here have way more experience than me. My thought is that it seems like you would be putting all your eggs in one basket. Also do you think you have the experience to be a PM and has he hired anyone with actual HF experience? I feel like this is way too risky and your brother is going to lose the money
Personally, i think its dangerous mixing your work-life with both your brother and wife. If shit hits the fan, that could create family issues you dont want to have.
Agree
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