Starting A Hedge Fund

I am currently in a college at a semi-target and am recruiting for IB and ER. After possibly breaking into one of these divisions, I then wanted to move towards the buy-side, preferably working at a HF. I just wanted to know what are the steps to opening up your own PE shop and the success rate of it? Have you heard of any stories where people have done this and what was the process like? 

 

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