Gordon Casey, Managing Director, Front Shore
Many new hedge fund managers used to work at investment banks, at trading desks. They leave their jobs behind because they have an idea, a trading strategy or an algorithm, let’s say; something that they believe enables them to beat the market.
They do not start their hedge funds because they enjoy filing forms with the regulator, or negotiating contracts with banks, or dealing with HR issues, or spending days with real estate agents looking at office space… yet those are the tasks that will take up 50% or more of their time during the first few months on their own.