26 Year Old Female to raise $200 million Short Hedge Fund

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"26-year-old Fahmi Quadir, who expects to raise $200 million at her newly created Safkhet Capital and begin trading early next year, may face an uphill climb. Hedge funds have come under fire for high fees and unimpressive returns. Fewer startups rolled out in 2016 than in any year since the financial crisis, and launches fell about 8 percent in this year's first quarter, according to Hedge Fund Research Inc."

She is a protege of notable short seller Marc Cohodes and in the past 2 years, she worked recently in Krensavage Asset Management where she pushed for the short against Valeant, which Bill Ackman took the other side of and lost a ton.

A couple discussion points: Thoughts on short focused hedge funds? Thoughts on raising capital and convincing investors to give you $200 million at age 26?

Source: https://www.bloomberg.com/news/articles/2017-08-01...

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Comments (25)

Aug 3, 2017

Can't tell if this post is a gender microaggression or not, which is in itself probably its own microaggression

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Aug 3, 2017

um.... ok? articles are noting her gender because the HF industry is dominated by male players

Feb 3, 2018

.

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Aug 3, 2017

^ You suck.

Aug 3, 2017

Just no...

Feb 4, 2018

giving ms for deleting your comment whilst anon you piece of chicken

Absolute truths don't exist... celebrated opinions do.

Aug 3, 2017

Can I get a Bloomberg article written about me if I claim that I expect to raise hundreds of millions to do something?

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Aug 3, 2017

Are you female and under 30? if so, yes

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Aug 3, 2017

Also, she's the "protege" of a guy she doesn't even work for? And this guy somehow went out of business in 2008 while short selling? How do you go out of business short selling when everything is plummeting? I want to short her hedge fund.

Aug 9, 2017

Actually you pretty much can. I've made the mistake of thinking articles in the business press represented the real momentum of a startup HF when its mostly bs and hype - to my eternal regret

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Aug 3, 2017

I'm sure he's a smart guy, but Cohodes got really lucky on Home Capital. Now he's marching around like he's an oracle or something (and the media is eating it up).

Best Response
Aug 3, 2017

OP:

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Aug 4, 2017

Short only funds are used by endowments and pension funds to pare risk for the investments they have made in long only funds. I imagine her absolute numbers over time will be poor, but she may generate "alpha." Personally, I am more of a believer in the "make money" model and not "make alpha." However, more power to her if she is able to raise the money as having a legitimate fund at that young of an age is the dream.

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Aug 4, 2017

Not buying this unless she's locked up some funds already (very rich family/friends?)

Sounds like a fantasy to expect to raise $200M on the basis of a few good short - calls for what is essentially a no-name fund. It also appears she has only two years of experience?

There are literally thousands of people with equally good track record of calls. If you manage a diversified portfolio you need to make dozens of correct calls a year.

This entire thing sounds absurd, but who knows

Aug 4, 2017
dazedmonk:

Not buying this unless she's locked up some funds already (very rich family/friends?)

Sounds like a fantasy to expect to raise $200M on the basis of a few good short - calls for what is essentially a no-name fund. It also appears she has only two years of experience?

There are literally thousands of people with equally good track record of calls. If you manage a diversified portfolio you need to make dozens of correct calls a year.

This entire thing sounds absurd, but who knows

Agree

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Aug 8, 2017

If she manages to do it, good for her, I won't hate. After all I'm 28 now and just graduated from UG and still can't find a job in industry at all and here she is planning to start her own fund. Who knows maybe I'll write her a sob story cover letter with a copy of my resume attached if she gets it off the ground.

Hoping for hedge life.

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Aug 8, 2017

Found her linkedin, so far looks like a complete joke. Harvey Mudd college and about 4y of exp... Doesnt sound like a second Ken Griffin. How the hell did Bloomberg buy this story

Aug 8, 2017

Do you have her LinkedIn?

I am not sure either. I was reading the title and then the thread itself, it baffles me.

Aug 9, 2017

Man, it's the first link when your google her name... https://www.linkedin.com/in/fahmiq

Aug 9, 2017

Maybe Bloomberg is slowly becoming business insider?

Aug 9, 2017

Good for her if she raises the $200 MIL.

Feb 3, 2018

Nehal Chopra was a "protege"....

Absolute truths don't exist... celebrated opinions do.

Feb 3, 2018

Daughter of a ted talker, Harvard & MIT grad.

https://en.wikipedia.org/wiki/Iqbal_Quadir

Feb 4, 2018
Feb 9, 2018