Re: I am watching the fox news reporter...and have to wonder....


mo_charles wrote:
> the very easiest way to get into a trading position is to apply to a
> top-tier mba program - hedge funds hire lots of recent graduates from
> those schools, not because they have that mba nolledge, but because
> they're likely very bright and hard working. it's a reliable hoop and
> screen for firms hiring.
>
> there are plenty of shops around that don't require this test completion,
> but they operate in a very different manner. instead of working as a team
> with a pool of money and pay based on general fund performance, these
> firms play the laws of probability with people - they hump fifty guys into
> a room, give them 50k to play with (along with some general market
> methodology), then rely on the fact that some percent will suck (ie. blow
> the money) - a middle portion will break evenish - and the high end will
> make more than the losers blew. the game is profitable for them as they
> collect a percentage of net gains and self-clear (they gobble commission
> dollars too). it's a lower return model, but there are lots of shops that
> operate like this.
>
> btw, computer programmers are in big demand by most hedge funds these days
> - if that's your back.
>
> i may be able to aim you in some sort of direction in some markets, but
> not all. where do you live?
>
> mo_charles

I live in Washington D.C. I work in tech support, not programming.
I've heard of those shops that let people use their money to trade, but
it seems like these are hard to find. Any suggestions? A lot of
"prop" shops out there want you to use your own money with their
leverage- which sounds like a good deal *IF* you know what you're
doing. I want something with a salary. How did you break in, with an
MBA?

.

Relevant Pages

  • Re: OT: Want to Take My Over/Under Bet?
    ... Is that institutions that threaten the very nature of money cannot be allowed to continue or close down in a natural way. ... Why the markets are acting so good and financial institutions are looking much better, is that this is actually a fairly thoughtful plan both from an effectiveness standpoint, and an inflation standpoint. ... And I haven't even touched hedge funds, or your bizarre belief that somehow a deposit into a hedge fund should be treated as the same as a deposit into a bank. ... Government seizure of hedge funds, I have a definite opinion about ...
    (rec.gambling.poker)
  • Re: the real winners, by tom wolfe
    ... I have never put my money into hedge funds, and would never put my money into hedge funds, unless I was filthy rich, and could afford to lose the money. ... So, don't blame those who were trying to con you into putting your money into these high risk investment instruments, blame yourself, if you put money into these high risk investments. ... Masters of the Universe now?" ...
    (soc.retirement)
  • Eloquent Response
    ... The President has just harshly castigated hedge fund managers for being unwilling to take his administration's bid for their Chrysler bonds. ... I run an approximately twenty billion dollar money management firm that offers hedge funds as well as public mutual funds and unhedged traditional investments. ...
    (misc.news.internet.discuss)
  • Re: NAT: A Must Read
    ... The responses of hedge fund managers have been, appropriately, ... record against a powerful President (an exception, ... I run an approximately twenty billion dollar money management firm ... that offers hedge funds as well as public mutual funds and unhedged ...
    (rec.audio.opinion)
  • Re: To everyone who hates school:
    ... > when it's time for some gaming action, and laugh at the 15.00 p/month charge ... Most people who liked school ... > of things with their time and money. ... I have a BS, an MBA, and will have my MS/CS in 2 months. ...
    (alt.games.warcraft)