There is such a thing as a free lunch…
It’s almost impossible in the city these days not to get a free lunch, and breakfast and dinner, too. Come on, you say, you gotta be kidding. We all learned from the great Milton Freedman that you can’t get something for nothing. Well, when you’re in New York or another of the world’s major financial centers, the food and drink are flowing like a pennant-winner’s profits. The trick is to be invited to a capital introduction event. You can have breakfast with Bear, lunch with Lehman and dinner at Deustche almost once a week, it seems. The people behind the capital introduction business at these and other prime brokers are […]
Would you prefer a pump or a sling back?
Over the last week, the questions about how to get started in hedge funds have come from all over the world, Europe, the United States and even Peru! Most get right to the point and deal with picking service providers and the like. Still, it seems that the tone and nature of the questions indicate an underlying fear of failure. Just so you can say you have been warned, there is indeed a real and credible threat of failure for people venturing out on their own. Nevertheless, your response should be, “So what!” You will never know what you are capable of unless you try. If you do fail, you’ll […]