Hedge fund manager ama reddit Hi everyone, this post is an attempt to sum up what I observed through my 10y career in finance (first in sell side and the last 4 years in buy side). Credit Research is probably more helpful for performing credit strategies. Four years ago, I opened up my own hedge fund during my last year of uni - AMA I then transitioned to the buyside at a multi-manager hedge fund. When I was getting into the industry, there weren't many credible sources online. Do you guys think the Adventis FMC program is useful and worth it for recruiting into IB, Hedge funds, or asset management? I am a college sophomore, anything is helpful. 馃帳 ASK HIM ANYTHING 馃帳 Larry Benedict (interviewed in Hedge Fund Market Wizards) selling trading signals? I read about Larry Benedict from <Hedge Fund Market Wizards> (a book with reputation including other interviewees like Jim Rogers and Ray Dalio) and googled him for more info. Hey Reddit, I spent 30 years on Bay St, where I have been a debt and equity analyst, portfolio manager, hedge fund manager and finally Director of Sprott Inc. Upcoming /r/investing AMA on 12/24 with author, hedge fund manager and blogger, Jeff Matthews. Impressing him would make getting into investment banking a little easier coming from the U of A. I wanted to check whether this package was reasonable and in line with what a systematic/quant PM package would look like at a large multi-manager like Millennium or Balyasny. So if hedge funds don’t bring in higher returns, what do they I read the emails of banking executives and hedge fund managers for a living, AMA Work in investment management in NYC. Worked at a multi-manager HF (quit after a few years cause I hated the investment style) and am now at a deep value / distressed fund. My situation is somewhat unique because I'm allowed to invest alongside the fund in my own ideas and I like to think my portfolio managers listen to what I'm thinking. For the past 5 years I've been working for a NYC based firm which invests in hedge funds (among other investments) on behalf of pensions, charities, and wealthy families. I've seen some posts about how "Asset Management is underrated" and comments about how "Asset Management is like a country club. I plan to go to college once graduate ( I was held back 2 years due to covid and family health issues ) I have read and researched alot about hedge funds. May 1, 2025 路 Hi all, In the spirit of sharing and helping prospective students (I'm a senior buy side quant researcher. I’ll go into I don’t actually trade, I write research reports on securities and make recommendations to our fund manager. I am being offered a base salary of $200,000 with a 20% I notice a lot of hedge fund are buying up distressed mortgages for dimes on the dollar and getting Home Affordable Modification Program (HAMP) servicer numbers from the government to service the loans. Depending on the asset class that the fund works, it can be from 0,1% to 2% of total AUM. UPDATE: AMA period is over. I am a short term discretionary trader who trades Futures, Options, and Equities. We're now private indefinitely due to Reddit Incorporated's poor management and decisions related to third… It just so happened that a lot of different Hedge Funds were shorting the same stocks at the same time, giving opportunity for a Short Squeeze. For Fidelity Investments’ Greg Friedman, the firm’s head of ETF management and strategy, that means taking to Reddit. BlackRock Systematic, Man AHL, AQR, Acadian, Winton, JPM AM Quant Beta etc Oct 15, 2024 路 I think people are seeing fund manager and thinking actively managed funds. 馃帳 ASK HIM ANYTHING 馃帳 depends, trader or analyst, private equity, hedge fund, or bank. I was an analyst at Goldman Sachs and founding partner of an Asian hedge fund that specialised in event trading. 122 votes, 110 comments. It's kinda easy to see: imagine that you manage US$ 100,000,000. 9K votes, 3. 836K subscribers in the AMA community. The investment industry is great when you’re a part of it. Started my career at a well-known investment bank in an M&A group then transitioned to the buyside at a couple of large hedge funds. Nov 13, 2025 路 Michael Burry has deregistered his hedge fund, Scion Asset Management LLC, according to records on the Securities and Exchange Commission's website. And yes, it's because most of the big hedge fund managers are managing hundreds of millions at minimum, many in the billions. Plan your career in the wide world of finance. This is a place for AMA Request Posts. Jun 28, 2023 路 Credit Research, assuming HY /LL on the sell-side, would be helpful and I've seen them make the move to multi-manager hedge funds, but if you want to do distressed, I think it would make sense to do LevFin/ RX post-MBA. What are the differences in the day to day work of a lawyer in hedge fund vs. S. But you can make a good living doing it at a well established fund of funds. AMA! I've seen people express interest in hedge fund related accounting stuff in this sub before, and today I am in the mood to do anything but work. I'm going into second year finance at the University of Alberta. I Am A, where the mundane becomes fascinating and the outrageous suddenly seems normal. Is that standard? What about total compensation? The headhunter I'm working with says BW does 80/20 splits, but what about the others? In terms of internships, I interned at a medium-sized hedge fund my freshman summer, large asset management firm my junior winter, and a large hedge fund my junior summer! Bogleheads are passive investors who follow Jack Bogle's simple but powerful message to diversify with low-cost index funds and let compounding grow wealth. Quit after a year because I hated the investment style and am now at a distressed / long-term value oriented hedge fund. You mentioned the difficulty of small hedge funds to operate due these new trends, which makes sense when people with "classical" experience need to rely on experts in other fields to keep up with competition. They must be doing something with the expectation of people performing the trades that they send out. This would further tie the manager's compensation to the performance of the fund. A huge coup for us鈥硷笍High stakes cash games 馃挼, mega hedge fund manager 馃捁, author 馃摃 , all round fascinating person 锔廠EPT 8, 19:00 UTC. i do a lot of work in the quant space, im happy to answer any questions regarding quant recruiting. Seen a lot of misconceptions about hedge funds and investing in general. A lot of running around to different offices, flying to different cities (depends) and entertaining. Traders hang it up in their 40s, 50s if they dont become managers, analysts usually become portfolio managers and managing directors, pace slows down and they can be active into their 80s. I Hedge funds generally earn about the same as the market over the long haul. In general, I feel that most of the people on r/wsb follow momentum based investing strategy. Some funds cater to individuals, but most of the hedge fund market provides hedging for large institutional investors. CFA is not as common in the hedge fund world but can, a lot of times, be a requirement to be on the investment team of larger asset managers such as t rowe, fidelity, American century, etc. Done a few of these… The “Capital Allocators” podcast has a lot of different hedge fund guys on there. Reply reply It is a smaller one, but it does manage 10 billion, and two of the top five (biggest) hedge fund managers invest with them, because they average 20 percent anual returns, which is more than ten above the market! They actually have an extra anual visit from the SEC because of this, if you outperform regularly by more than 3% you go on their "probably cheating" list. Ideally at a multi-manager hedge fund (e. I've read the following books: More money than god The greatest sales men in the world Think and grow rich Wikipedia defines hedge funds as a “pooled investment fund that holds liquid assets and that makes use of complex trading and risk management techniques to improve investment performance and insulate returns from market risk”. Some people take this a step further and conclude that managers of hedge funds have an incentive to cause these events to occur, at which IIM C grad, Working in a finance role (PE/VC/Hedge Fund/Bulge Bracket IB). I am an analyst at a hedge fund where we go long and short equities, and I analyze pretty much anything for my managers. I do have some knowledge of Why are hedge funds perpetually just making themselves a daycare for rich kids who's parents bought them into ivy league schools? Are there any relevant funds that seek out actual talent and ambition from individuals regardless of where they come from or went to school? For some background, I worked in finance in NYC over the past decade. He had no experience in IB, and he wasn't a sell-side analyst. We're now private indefinitely due to Reddit Incorporated's poor management and decisions related to third… We would like to show you a description here but the site won’t allow us. But since this was discovered, many Hedge Funds will incorporate strategies based on performing Short Squeezes. If interested, there is a lot more information about me and my career on my blog. some people love to act cocky as shit, like they got the market figured out but don’t know shit in reality. Friedman hosted an AMA in Fidelity’s subreddit, r/fidelityinvestments, a couple weeks ago. I own and run Banyan Equity Management which at its peak managed just shy of 1 billion dollars between the two funds I managed (700mil/200mil). AMA - Former Long/Short Hedge Fund Research Analyst and Sell-side Equity Research Associate Quick introduction - Hi, My name is Dick Toad. My role is primarily asset allocation/portfolio management, but I also am leading our diligence efforts on systematic managers 22 votes, 38 comments. 1K comments. While it means different things to different people, the 'Bogleheads' (or: passive indexing) approach to investing is all about low-cost, tax-efficient, long-term simplicity. I've worked with a ton of hedge funds, and no two are alike. I ended up listening to advice and told the fund if you do not let me have 1 month off between jobs, I will not take it. Would go through my last AMA to make sure your questions have We would like to show you a description here but the site won’t allow us. The "fixed" revenue for this fund is US$ 1,000,000 a year. I wanted to challenge of forcing myself to learn something completely new, how to build a fin-tech company. Hi Reddit, my name is James Altucher. So if hedge funds don’t bring in higher returns, what do they Work in investment management in NYC. I am a Managing Partner of a cryptocurrency (Bitcoin, etc) hedge fund. Wealth management includes portfolio management but also includes trusts, estate planning and possibly insurance. The management fee is one of the sources of revenue of an AM. don't necessarily need to run the investments (can hire CIO) but most hf managers 83 votes, 43 comments. Since then I've interned as a trader for one big prop shop/MM/Hedge fund and been hired as a full-time trader out of college for another. That and being short gamma/vol caused them to get margin called and not have the capital needed to make the call. He is the founder and CEO of Pershing Square Capital Management, a hedge fund management company. AMA. They won't be interested so much in how much money is it or how much returns, but in how you manage capital and risk. 819K subscribers in the AMA community. You don't thoughI sent them $0. A subreddit for the quantitative finance: discussions, resources and research. " I've certainly gotten more interested in the career field, so I just thought I'd ping Reddit for thoughts. Anyway, ask me anything! A hedge fund manager told me to learn a lot about market mechanics, but not so much on strategy that I ruin finding new ways to figure out how the pieces fit together. Most of which are insurance companies, and pensions. Breaking into a traditional value oriented HF or longer-term focused fund is less likely coming from SS ER. 1K subscribers in the IAmARequests community. , and Chairman of Sprott Asset Management LP, Canada’s largest and most successful hedge fund company. 73 votes, 75 comments. have to come up with a business plan, raise funding, hire people, find office space, do admin stuff, think about growth of the business, pay people and bills etc. 5M subscribers in the investing community. It's the management and performance fees, anywhere from 2% on up for the management fee and a certain percentage of fund profits for the performance. 3. For hedge fund recruiters they probably have a lot of knowledge of the field such that they can have a detailed conversation on the experience their client requires but not necessarily a formal qualification Reply reply Citiz3n_Kan3r • Asset management is mostly focused on managing investment portfolios for clients. The lifestyle of a hedge fund manager is great, but it's basically the same thing every single day. For some background, I worked in finance in NYC over the past decade. 2. Who Am I: I'm a quantitative researcher working in systematic trading. Jack founded Vanguard and pioneered indexed mutual funds. My father manages a hedge fund that deals with approximately 4 - 6 billion dollars in assets. As the title says: mediocre GPA, weird college career path, now at a large multi-manager hedge fund. I made partner three years ago and run a Fundamental Long/Short Equity group. Hi all, I'm a hedge fund recruiter and used to trade at a bank. His work has since inspired others to get the most out of their long-term investments. For hedge fund recruiters they probably have a lot of knowledge of the field such that they can have a detailed conversation on the experience their client requires but not necessarily a formal qualification Reply reply Citiz3n_Kan3r • It's the management and performance fees, anywhere from 2% on up for the management fee and a certain percentage of fund profits for the performance. Feb 24, 2025 路 Ever wondered what it’s really like working at a hedge fund? If you’ve been scrolling through Reddit, you’ve probably come across a mix of experiences—some thrilling, others downright stressful. I’ve found these helpful in terms of learning about strategies and how different managers think about investing. 843K subscribers in the AMA community. We're now private indefinitely due to Reddit Incorporated's poor management and decisions related to third… Hmm I've always looked at the recent rise in passive investing as a the cause behind the index exploding over the last decade and as the next bubble. Oct 2, 2023 路 Hi Guys, a month ago I made a post detailing how I got really lucky and received a really lucrative hedgefund seat that I was potentially going to turn down. Hey, thanks for doing this AMA. Happy to share my insights and give my 2 cents. what should I do? So I mean starting by own hedge fund. . We run equities books in developed/developing markets, as well as a global book of rates/commodities futures and G10 FX. I’m an entrepreneur and writer. Reply [deleted]• Additional comment actions Larry Benedict (interviewed in Hedge Fund Market Wizards) selling trading signals? I read about Larry Benedict from <Hedge Fund Market Wizards> (a book with reputation including other interviewees like Jim Rogers and Ray Dalio) and googled him for more info. We're now private indefinitely due to Reddit Incorporated's poor management and decisions related to third… A hedge fund manager told me to learn a lot about market mechanics, but not so much on strategy that I ruin finding new ways to figure out how the pieces fit together. g. Most sellside ER guys go work at one of the large multi-manager hedge funds where you model quarters and invest over a 3-9 month time horizon. I work for a hedge fund and look for clients in the Greater Houston Area AMA I was able to get a meeting with a hedgefund manager in Toronto this week thanks to a wonderful coworker. Route 1: Ugrad ---> IB ---> MBA ---> PE/PC ---> HF Fundamental Analyst ---> L/S or Credit HF PM Route 2: Ugrad ---> Masters/PhD ---> HF Quant Analyst ---> Quant HF PM Assume that one has the pre-requisites to go down either path (for example, HYPMS math undergrad with strong research About me: I've been involved with hedge funds in various roles since 2000. It's best to start at a big bank, and work your way down to a smaller shop, where the bonuses are bigger and the responsibility is higher. I 827K subscribers in the AMA community. Basically you are analyzing the team, their investing strategy, historical fund performance, etc. A lot of your recruiting will be self-driven / off-campus and you'll have to rely heavily on the school / your classmates network to get reasonable traction. To simplify, lets suppose that the mgmnt fee for this fund is 1%. In other words, wealth management is much broader than asset management but does not goes as deep on the investment side. Year to year though, hedge funds have good years and bad years. Anyway, ask me anything! 859K subscribers in the AMA community. But studies like these show S&P-based index funds outperform all hedge funds over a ten year period. That is really it; a hedge fund manager I listen to constantly got his first job at a hedge fund after being a public servant at the treasury. : r/CATpreparation Gaming Sports Business Crypto Television Celebrity Go to CATpreparation r/CATpreparation r/CATpreparation I also am procrastinating hardcore. William Albert Ackman (born May 11, 1966) is an American investor and hedge fund manager. AMA), it's my honor to use this platform to interact with students who might be interested in this career path. The best advice to get into Hedge Funds or IBs is to start your own retail trading account and get some steady results. In essence, we are the 1%. Let's not even get into the fact that you're implying you have a contract and a hedge in 100 different markets. BlackRock Systematic, Man AHL, AQR, Acadian, Winton, JPM AM Quant Beta etc Some background: worked in finance in NYC over the past decade. It's a percentage based on the need to diversify risk management strategies. Start listening to the various strategies. I would provide the Look what hedge fund manager and entrepeneur James Altucher just said about BTC in his AMA. Get a job in public markets investment management as a researcher (presumably you're leaning towards quantitative strategies? if so, sounds like a good roadmap re: master's degree). I don't claim to say the absolute truth and it is from my very own pov. Our style is systematic stat arb/relative value, low to mid frequency. 946K subscribers in the FinancialCareers community. don't necessarily need to run the investments (can hire CIO) but most hf managers You go to Portfolio managers/Financial Advisors and pitch your fund. 馃 BILL PERKINS AMA 馃. I'm a portfolio manager as well as run investment manager due diligence (basically, I decide if we should invest in hedge funds, which PE fund is best, etc. We're now private indefinitely due to Reddit Incorporated's poor management and decisions related to third… IAMA son of a Hedge Fund manager. they're like any other entrepreneur / exec. 14 year old here, I want to be a hedge fund manager by the time I'm 25-30. We're now private indefinitely due to Reddit Incorporated's poor management and decisions related to third… I would find it boring to work at a fund that invests in other fund managers and you do get pigeonholed. Since you claim you work at a hedge fund, that implies you hedge 1-1 on every contract, or you don't hedge some at all. All the hedge fund gurus come from banks, so start there. We would like to show you a description here but the site won’t allow us. We will mostly be talking about his journey with investment banking and opening his own successful hedgfund, but I know that a 72K subscribers in the quant community. My partners and I founded the fund in 2017, it has… From what I know, a hedge fund they had capital allocated with, par plus, blew out. I started on Instagram as a finmemer that has grown to 13,000 followers, many of whom work in equity research profession both on Wall Street and as institutional investors. Short bio: Since graduating business school, I have worked for a large, mutli strategy hedge fund. But I hear what you’re saying. Oct 15, 2024 路 Get an ad-free experience with special benefits, and directly support Reddit. Another characteristic of hedge funds is the requirement of the portfolio manager's to put X amount of his/her income back into the fund. I’ve founded 20 companies, ranging from hedge funds… HF Manager = founder / operator of a hedge fund business. PE? Could you talk about some of the cultural differences? Also, were you in-house at both? If so, do you know any colleagues who went from NYC corporate biglaw to work in buy-side finance? 33 votes, 135 comments. 1. Point72 Cubist, Millennium Quant Strats, Citadel GQS, etc) or long-only asset manager (e. (Inspired by the thread on IB by u/rareliquid - to be followed by a bad day at some point!) For some background, I’m an execution trader on a quant desk at a multi strategy hedge fund. P. No one is parking their entire portfolio into a hedge fund. I run a Hedge Fund management company that uses all those offshore centers you read about on the news, and am deeply involved in the financial markets and hedge fund business in general. This is also the reason why hedge funds exist - most are not trying to beat the market, they are a financial tool to invest some of your money in as a hedge against a specific event occurring, thereby minimizing the size of loss to your total portfolio. Hedge funds are often seen as the pinnacle of finance jobs, but the reality is more nuanced. I did donate to a charity and sent them the receipt. As someone who works at an endowment/foundation and invests in these types of funds for a living, I thought it'd be fun and potentially worthwhile to do an informal AMA and answer any questions people here might have about fund-level investing. that invests across all asset classes, geographies and strategies, from plain vanilla domestic long equity to market neutral hedge funds to emerging markets venture capital and everything in between. It's a small shop and I've been there my whole career. One of the most stressful parts of the work was coming up with trade ideas and keeping performance at least comparable to the other traders in the firm. I quit finance last year to trade crypto full-time and now I’m launching a platform to bring Wall Street caliber tools to crypto, AMA! I am currently deciding on an offer for a portfolio manager role at a small fund, and since they’re small their typical PM package is a bit less standard. You go to Portfolio managers/Financial Advisors and pitch your fund. Ask away. So, if you have any questions about hedge fund accounting or just hedge fund general questions, feel free to ask away! Some of the larger multi-manager platforms and single manager firms do have formal MBA pipelines but we're still not talking earth shattering intake numbers here. When hedge funds have good years, they have fees that come into effect when the hedge fund beats the market, giving the hedge fund something like 10% of the amount "over the market". I was at a fund that did global macro + quant, but I was mostly involved with the global macro team. the lifestyle certainly isn't as great, but it's incredibly rewarding to build something that hundreds of thousands of people use and find valuable. Apr 2, 2024 路 Increasingly, asset managers are taking to new forms of media to communicate the merits of ETFs. AMA - Former options trader at major electronic hedge fund/market maker in NYC. I’m a senior analyst at a large endowment office in the U. As I am no longer bound by any non-disclosure agreements. An extension of this idea is that a hedge fund with a shrewd-enough manager can consistently profit from what are commonly thought of as negative events - bankruptcies, hostile takeovers, mergers of companies into ever-more-monolithic conglomerates, etc. Not real investing in securities. I am starting up my fund again because I You start as a recruitment agent anywhere then move your way up into a niche picking up relevant experience on the way. ). Do you also mind sharing what type of hedge funds made offers and how you were successful getting hedge fund offers without a finance background pre CBS. Anyone have real numbers on compensation at hedge funds/prop shops? I’ve read stories of 150k base salaries for new grads at Citadel, Hudson River Trading, and Bridgewater Associates. May or may not be what OP does, but VXUS and Fidelity Intl funds have different numbers of holdings. This is not my real name of course. However, all who deal in hedge funds have been labeled as crooks, thanks to the likes of a few greedy individuals. 23M subscribers in the IAmA community. 855K subscribers in the AMA community. This is a throwaway account and if my partners, let along our investors, found out they would be horrified. Every few days/weeks I see a post asking basic questions about private equity, hedge fund, or venture capital investments. Hey everyone, I remember 2 years ago I was looking for info on how to get into quant trading/finance and there were very few resources on reddit. Whats your thoughts on the sustainability of passive contributions, and how do you view the commodities sector, particularly for an outlook on energy analysts beyond hedge funds? Reply reply Hedgefundguy67 • Reply reply hamman2019 • Reply We would like to show you a description here but the site won’t allow us. I spent 28 years on Bay St, where I have been a debt and equity analyst, portfolio manager, and finally Director of Sprott Inc. Posted by u/tabledresser - 2 votes and no comments Feb 20, 2019 路 Scheduled for next Monday on Reddit: "My name is Larry Benedict and I am hosting an AMA on /r/Wallstreetbets on 2/25/19 1:00pm. Reply reply More replies There seems to be two "traditional" routes to becoming an analyst or portfolio manager at a hedge fund. mnjsnf gqprq aww wdov eksux ibhev flnskuy zmdqash iyika ntj xlcl kbxyfq mxyb nwfucy clxm