subject: How To Become A Hedge Funds Trader [print this page] If youre wondering how to become a hedge funds trader because you want to get rich quick without a lot of work, you may be in for a surprise. While its true that hedge funds traders and managers have some of the highest earnings potentials, a great deal of work goes into this job, and you wont necessarily make a six-figure salary. But if you have had success with your own investments and have been building credibility and experience in the financial world, this could be an ideal career for you.
There are a couple ways you can go about breaking into this career. In either case, however, it is a good idea to get at least a bachelors degree in a subject such as business or economics. Even if you dont necessarily need a degree, people will feel better about trusting their money to a college graduate, and you will be better prepared to keep up with educated people in conversations if you have a well-rounded academic background. After college, or even during, you can begin networking. If you know a lot of wealthy people who are willing to give you capital, you could start a hedge fund on your own, but more than likely you will begin working for a large company managing their hedge funds.
When you break into this career you will want to have a plan concerning your strategies for managing risks and a solid understanding of the latest reports concerning hedge funds successes and failures. Your plan should also include an estimate of how much capital you need, your goals and a marketing concept. At this point you can have a finance attorney write an offering circular listing what your strategies are, how you will implement them, what an investor needs to qualify, etc. Then find a prime brokerage firm and locate your seed money, which will probably be at least $50,000. You will also need to hire a compliance officer.
Hedge funds traders can earn anywhere from $60,000 as a beginner on a bad year to multi-million-dollar salaries as a seasoned professional on a good year. It wont be easy, but if youre good at what you do theres plenty of potential.
by: Amarendra
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