how to take liquid medium/high frequency trading strategy with good returns to hedge fund
So, after many years i'vestrategy with pretty good returns...profitable over the last several years (back test) and hitting comparable returns over the last 3 months live. Very short position holding times...almost never holds positions overnight (90% of trades are in liquid futures like treasury bonds from 1am in NY --> 3pm in NY). Previously worked at a bank on a trading desk where i learned some of the inputs....but has taken some time to tweak the model and then with some creative rules created a very profitable system (avg 50-70% annual return per year in the backtest, max 8% total drawdown at trough...could probably manage max 500mm - 1bln at scale before serious reduction in % returns from execution slippage). In backtest the rule is must always aggress, hit the bid / lift the offer, and still seeing these returns.
Unfortunately, i'm no longer at an institution (been semi-retired for a few years) and so now just trading this strategy with small amount of personal money in my pa. How do i get back into an institutional risk taking seat where i can trade this strategy (all my former coworkers have retired)? Something like Millenium orbut how do i get a risk taking seat at one of these firms. i don't know anybody there. To stay within their risk params i would initially cut the risk size in half, so if history rhymes, i would be looking at 25-35% annual returns just to be safe, and then would scale up risk linearly as P&L cushion grows. This is a high frequency strategy (not "ultra" high frequency...don't need laser connections to the various exchanges...but high frequency intraday)
has anybody done this? what's the magic path for an outsider to get an interview? (as a new PM at a fund like millenium).
I realize this is more in thethan a hedge fund (there is nothing "hedged" about a short term trading strategy.....but i know they do this...possibly 2sigma, rentec, something like that, but i'm not a rocket scientist and so i doubt they would hire me).