<p>No I'm not insane. Let me know.</p>
<p>Aren't hedge funds primarily run by MBA grads? You'd have a hard time getting ahold of any on CC as this site is populated by mostly high school students and some undergrads. That being said, I am a finance major at Stern. If you asked me this question in a few years after I have the experience I would say yes. Out of curiosity, how exactly are you going about doing this?</p>
<p>There are actually plenty of examples of undergrads starting hedge funds...although admittedly the fund won't grow as large as those run by MBAs or the big regional players, but if I can still manage to enough ROI to pay off my tuition (I got no grants this year), that would have been worth it for me.</p>
<p>I get most of my knowledge from my parents, who used to be active traders. They (no longer do anything related to finance), used to day-trade and make 20k / day. I'll also tap some of my relatives in Asia who are in prominent positions in the Shanghai govt. and have contacts with government-controlled companies who can fund this.</p>
<p>I was thinkin if a lot of students are willing to do this, we could probably pool all our money together and pull off some great lines that we pitch to investors.....so it shouldn't be THAT hard and doesnt require a rich kid to do it</p>
<p>Some of my college friends told me they wanted to start a hedge after they graduate (about two years or so), and that I'd be welcome to join after I graduate. Eh.</p>
<p>you might be able to pitch it as a club to Cornell and gain some sort of funding that way too</p>
<p>mmm, the life of a bourgeois...</p>
<p>lololol...now do you mean that in the antiquated context or the modern context fd36?</p>
<p>there's a difference..?</p>
<p>Wavebrk, I see. Well good luck to you. This is something I would defiantly be interested in the future. And I spoke to someone who said it wasn't uncommon for undergrads to start their own funds right out of college (Stern) so I think you have a good shot.</p>
<p>well you could either be inferring that you yourself, as an aristocrat, need not bother with making money like a bourgeois because you have enough already, or you could mean that he, as a bourgeois, is already starting to make money and you are jealous because you don't have any. in today's context, bougeois is almost a good thing. in the past, it meant that you were NOT an aristocrat.</p>
<p>I'm working at one now. It's mostly event-driven risk arbitrage. A lot really goes into setting up such a thing. Two of the employees themselves started funds, but couldn't raise enough capital to make it profitable, despite their intelligence and excessive experience.</p>
<p>I believe you terribly underestimate the work that goes on in the background of a fund, and the connections that need to be established before you have any shot of doing well.</p>
<p>No one just "beats the market" consistently by guessing well. It's about extracting information from people and utilizing your connections to get information that others don't have. It's about digging deeper, pushing harder, and being smarter than everyone else.</p>
<p>Any hedge fund started right out of school is doomed to fail, even for the most intelligent and driven of people, because the connections (and the capital) are a prerequisite. It takes at least $30M to get one off the ground. I hope you have deep pockets!</p>
<p>On another note, what you describe isn't a hedge fund at all. I like your ability to think big, that too is a prereq for success, but don't jump blindly into unknown waters. Start small, by perhaps starting a club and learning. Then, perhaps, you can move to bigger things.</p>
<p>hey, thanks for all the sweet insight! I'm still thinking, so all your responses have helped.</p>
<p>Last2AcntsBanned: hey thanks....and im glad to know someone's interested. when the time comes I'll make another thread or PM you or somethin</p>
<p>AJKates: I probably have underestimated all the work that goes into it and I'll def. see if trying to get it off the ground is really worth it. Yeah, I agree that "no one just beats the market." And no, I don't really have 'deep' pockets (I used to, like 7 years ago, when my parents were making tons of money until the CEO of the company they invested in ditched them overnight and went to google instead [that bastard]). So the risk is def. there, even for the most intelligent people (they were making 20k a day until they lost 200k in one week). Haha yeah, and you're right...the more I typed that out, the more I realized this wasn't a 'hedge' fund...sorry for the confusion lol.</p>
<p>but i'm still gonna see if I can get 'something' started....I might just start a club or somethin....thanks for all the advice!</p>
<p>Grant15: good idea, I might just try something like that</p>
<p>I'd go into something like that sometime. I just dont know a whole lot about it and the risks and so forth.</p>
<p>wgwag wgwag wgwag</p>
<p>If u think Cornell will give u money you are probably wrong...at my other college these kids tried to start a stock market club and even said they would give the school the profits but they were pretty much laughed at because the school isn't going to just give a bunch of kids their money to waste when they could be investing in clubs that actually give back to the school (in a real way...not $ wise).</p>
<p>I would be into getting with a group of kids and researching stocks a lot and then going into a stocks using eachother for help as opposed to a hedgefund which sounds like a lot of work even though I don't know too much about them.</p>
<p>There are numerous investment clubs that manage money, and do just what you describe. They meet weekly, students pitch stocks, and the club either accepts or rejects. The largest of them manages about $30k. There are three main clubs that do this, but I'll only mention the two larger ones.</p>
<p>MICC (Mutual investment club or cornell)
CIC (Cornell investment club)</p>
<p>If you like equities and markets and would like to learn more, these clubs are definitely a good start. If you are a really advanced, and you're a total market junkie, you may get fed up with these clubs, but for *almost *everyone, there's a lot to be learned.</p>
<p>I'd also highly recommend CES (The cornell economics society) if you're interested in finance and want to pursue a career in in banking/trading/consulting, or anything else business-related. They run a lot of events that help you learn and connect with people on wall street. I'm a bit biased, because I'm VP of the club, but it is the largest undergrad business-related club on campus, and is definitely worth checking out.</p>