Is it true that if one has a CFA® they cannot trade their own account as there is a conflict of interest or unfair advantage over other retail traders?
Really?
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Honestly, getting into hedge fund with no real trading experience will be difficult and retail trading just won't cut it. I mean trading at a hedge fund and trading at home on your personal account is just not even at the same level. Maybe... if you traded at a bank and you didn't suck and wanted to trade your own money and left but wanted to get back in the game or you worked at a reputable prop firm and was generating huge PnL. I mean I've seen guys at chop shops move into trading at blackrock (believe it or not) or even a reputable prop firm, but not so much moving into the sell side. If I were you, work your way up the ladder. Maybe apply to junior trader roles at a prop firm, summer internship at a bank, go to middle office and work your ass off and build relations with the front office and maybe get a shot, which I've seen this happened. Or if you have a good strategy, join a chop shop and trade and make a track record and join a firm like FNY Securities. I mean people who trade at banks even have a hard time moving into hedge funds, what makes you special?