On my resume, I listed an investment fund that I "started" under my experiences. For IB/buyside investing internships, will they see it as an indication of demonstrated interest or will they immediately reject you because of compliance issues (trading during the internship if I were to get it)?
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I personally don't see it as that impressive. I feel like it is expected that you watch the market if applying for a finance job.
The purpose of starting a fund is to raise capital. 99.99% of people cannot raise capital by themselves without: 1. Daddy's money, 2. a Track record, or 3. you can bankroll it yourself. As a fund I feel like its overkill unless you can raise capital.
I can attest that mentioning running so much as a practice account gets a follow-up from compliance, the main issue being whether it has influence on someone elses account activity. I'd disclose it regardless. On the subject of it garnering any interest, merely displaying that you run a fund might be seen as 'resume-padding' unless there's something unique (strategy, target companies, etc.) about it.
Would HR or whoever is screening resumes ever toss out your resume because of this?
Depends on Screener. HR might not, IB prick might.
I highly doubt it, your resume hinges on grades and prior internships. Showing initiative like you did with your fund is an added bonus, but it won't make up for the former two.
If I interviewed a Kid with a "fund" I would be skeptical of the quality of investment thesis and al; this if you are already pursuing everything else.
From a buyside AM roles, prior investing experience (such as managing a PA) is a major plus, not at all an automatic ding. You can satisfy most stringent rules either by not making any trades during the internship or by selling single stocks and buying ETFs. I assume your investment fund is not a full time job where you manage outside money, right?
Are you able to buy and sell ETFs freely while in IB or do you still have to run stuff with compliance?
Compliance will usually have blackout list that you either can't trade or can't trade except for specific windows. ETF's are rare to be on the list.
What was the AUM of your 'fund'?
I got you you a Dollar
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