Post College Start HF/or Jane Street
I know this an out of the blue question but I just wanted to get some feedback. I am a current senior at a tier one college with a job offer in corporate banking at a BB firm in NYC and a job offer at one of the best proprietary trading firms in NYC. Over the last 4 years I have annualized a 47% return and grew my personal portfolio to north of 600,000$ dollars. In addition to this I inherited around 40 million dollars from my grandfather almost all in the form of Hedge Fund Investments. My family has always had close ties to the HF industry so I have been able to keep the money with the managers as we were some of their first investors. The managers include David Tepper, Ed Mule, Bill Ackman, Chuck Davidson, Alan Fournier, and a few others. I am very reluctant to withdraw any of this money out of Tepper, Mule, Ackman, and Fournier, however that does leave me with about 7 million dollars. Based on my returns many Fund of Fund managers have recommended that I start my own fund, and two of the FOF's said they would contribute 5 million each, I also have an older business colleague who is ready to add a million dollars. I assume if i did some active fund raising I could raise about 5 million more dollars. In addition I have a trader from a top notch BB ready to quite is job and join me as a partner, and I also have a young man lined up to be head of fund raising who currently does fundraising for one of the major PE firms, I won't specify the firm but it is either Carlyle, Blackstone, or KKR. Long story short I have had tremendous success so far investing, but I still have loads to learn and I have been investing in a one way market. All in all do you think I should pursue the HF dream right out of college or continue my training go to business school and then try to branch off on my own. Many Thanks. I know my family situation is extremely lucky but I never want to turn into some lazy person who never works.
Any opinions here?
Are you looking for advice or telling everyone how big your dick is?
Your alarm is going off in 5 minutes, time to wake up breh.
For the record, anybody with that profile and access to people who can give solid advice would not be asking here.
by the way u don't just call up david tepper, kind of a running joke if u call u get ur money redeemed the next day....
for the record mostly you call the CFO up (was a nice guy named Larry or you call IR) you don't call the big boss
sometimes I ask actual everyday people, David Tepper doesn't want to deal with my career decisions everyday. a 20 million dollar investment in Palomino is nothing to him.
Assuming you are not bull shitting us. Join Jane Street - you know fuck all. You are nothing until you have worked with some proper traders who know the system. You'll understand via them how the sell side fucks you. If your dick is that big I wouldn't worry about starting a hedge fund in 10 years time, the money will always be there.
I agree totally with u the sell side fucks u, and Jane Street has some incredibly talented people, my worry is just my style of investing is so polar opposite to theirs.
I was looking for genuine advice, yes my family has been in the FOF's biz from the beginning since tepper started appaloosa with jack walton, but this guys don't hire kids right out of college. Jane Street is extremely quant obviously and I see myself as more of an investor. At the end of the day its not so much about the money but doing something you enjoy. IDK but thanks for the candor.
just to show i was telling the truth and seeing what different people thought I should do.
just to show i was telling the truth and seeing what different people thought I should do.
Hard to read this thread without cringing.
You and I both know nothing you said is true. Stop fantasizing of a world where you have no personal responsibility.
If your story was legit, you could call literally anyone in you phone book and get better advice that what you're getting here.
yah ur right i can't call anyone I fantasize all day hahahah
sack up and meet some people for urself, i think u may be the one fantasizing...
please delete your account, I don't come on here to read pure bullshit
Time to wake up bro.
post investor statements then we can actually help you.
if you have ever read one of his investor statements, they are about one paragraph with his performance and no disclosure of positions.
u know there is something called a confidentiality agreement. Don't think I need to prove the size of my dick to u.
Hahaha I can't believe people are actually replying to this seriously. Look at the kid's profile he's got 15 monkey shits thrown at him (so roughly 0.25 monkey shit per post?). He's either the best troll ever or a walking example of delusions of grandeur.
or both
I'll admit I do like fucking around with everyone on this board, no I am not going to start a hedge fund but it is funny to see peoples absurd reactions, I have had people tell me I should. Its not plausible to run a fund with a legit back office and legal team with 5-10 million, and no work experience. However everything I say is true. My grandfather and mom are invested with all those people my dad started a FOF in 1992, and was very fortunate and talented to get in with those managers when he did. I will upload an old Tepper investment letter. Ackmans and his are polar opposite
Tepper and Ackmans letters could not be different.
Sed et ipsa non quia. Velit voluptate voluptatem nostrum enim asperiores quia dolor. Tempora natus exercitationem nihil velit qui harum consequatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Est numquam vel repudiandae molestias. Nesciunt aut velit consequatur ipsum eaque quidem est. Vitae sint mollitia ea. Quisquam ea ea vel rerum earum ullam in. Eius ipsa facilis qui ut.
Occaecati et nemo voluptas numquam inventore id ipsa. Dicta doloremque quia facere ut animi ea ad. Qui eum fugit id. Ex veritatis dolores commodi laboriosam nesciunt.
Repudiandae quae non laborum illum culpa. Ea commodi molestiae perferendis eum. Quo corporis animi et dolore. Voluptate est odio earum at ipsa esse.
Odio aliquid at et quibusdam omnis omnis qui. Mollitia voluptatibus ex similique quis non. In facilis ea eligendi debitis perspiciatis mollitia. Asperiores aut tenetur explicabo magni explicabo omnis molestias sed.