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Hey all, this is something that has really peaked my interest as of late.
I read this article: http://www.businessweek.com/magazine/content/05_40/b3953110.htm
It's all about Cerberus Capital Management and how the guy started it at 32, and built it up by buying broken-down companies and re-building them, and he hires top CEOs to run them.
It says in the article this is a "new" way of doing it or something, anyways, this is an idea I've had for a while though, I never realized it was a hedge-fund though.
But ever since reading about it, I've been fascinated about this company and this guy, he is fast becoming a role-model in certain ways for me.
The thing I'm wondering is, how exactly does one start a hedge-fund? Like do you need experience in trading or anything to do it...?
I am not looking at a hedge-fund as a method for getting rich really, I mean that's a nice side-effect, but just the whole idea of buying companies and re-building them sounds really fascinating to me.
I also really love entrepreneurship and venture capitalism too, but the idea of eventually starting a hedge-fund or private equity firm, whatever they are called (you can see I have a lot to learn still!), that purchases companies to re-build just sounds amazingly awesome.
I Googled it, but all I keep seeing is all this stuff about how to start a hedge-fund to "get rich quick" and blah blah blah but that's not what I'm after, I just really am fascinated with this, and I am especially fascinated since this is an idea I've had for awhile, and then I read that this guy is doing it and it is apparently new...!?
Ever since I read about this company buying Chrysler I've thought it was awesome, however there are skeptics too of the company so who knows.
I am also fascinated by James Simons of Renaissance Technologies, he is a former math professor who started his hedge fund in 1982 at 43 years-old, but I read he uses a lot of computers and sophisticated algorithms for investing, etc...which is really interesting. I am really getting fascinated by these hedge-fund guys!
Any help appreciated on this industry.
I read this article: http://www.businessweek.com/magazine/content/05_40/b3953110.htm
It's all about Cerberus Capital Management and how the guy started it at 32, and built it up by buying broken-down companies and re-building them, and he hires top CEOs to run them.
It says in the article this is a "new" way of doing it or something, anyways, this is an idea I've had for a while though, I never realized it was a hedge-fund though.
But ever since reading about it, I've been fascinated about this company and this guy, he is fast becoming a role-model in certain ways for me.
The thing I'm wondering is, how exactly does one start a hedge-fund? Like do you need experience in trading or anything to do it...?
I am not looking at a hedge-fund as a method for getting rich really, I mean that's a nice side-effect, but just the whole idea of buying companies and re-building them sounds really fascinating to me.
I also really love entrepreneurship and venture capitalism too, but the idea of eventually starting a hedge-fund or private equity firm, whatever they are called (you can see I have a lot to learn still!), that purchases companies to re-build just sounds amazingly awesome.
I Googled it, but all I keep seeing is all this stuff about how to start a hedge-fund to "get rich quick" and blah blah blah but that's not what I'm after, I just really am fascinated with this, and I am especially fascinated since this is an idea I've had for awhile, and then I read that this guy is doing it and it is apparently new...!?
Ever since I read about this company buying Chrysler I've thought it was awesome, however there are skeptics too of the company so who knows.
I am also fascinated by James Simons of Renaissance Technologies, he is a former math professor who started his hedge fund in 1982 at 43 years-old, but I read he uses a lot of computers and sophisticated algorithms for investing, etc...which is really interesting. I am really getting fascinated by these hedge-fund guys!
Any help appreciated on this industry.
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