Hedge+Fund+Manager



5:00 Wake up. 5:15 Finish breakfast. 6:00 Be at work looking at the day's stock prices. 7:00 Meet with the portfolio managers to find out the previous day's wins and losses. 8:00 Work. 1:00 Meet with investors for lunch. 2:30 Work on advertisement. 4:00 Finalize the day's investments before closing. 5:00 View proposed investment strategies. 6:30 Go to the office's exercise room and work out. 7:00 Prepare for the following day and check the day's profits. 9:30 Drive home. 10:00 Begin eating Dinner. 10:30 Deal with an emergency problem with the market. 11:30 Go to bed. So, as this visual demonstrates, a Hedge Fund Manager's day is packed with things to do from avdertising, taking investors to lunches, marketing the company, looking over strategies and returns, and dealing with the constant change of the stock market. They rarely get a vacation, and even if they do, they often end up working due to emergency problems that come up. This job does have a hefty salary that goes with it, but it also takes a real toll on you. You usually do not get more than seven hours of sleep and often work 12+ hours a day. You have to have not only a good, hard work ethic but also need a real drive to succeed. In this business, one second of laziness can cost you everything, so you need to be on your feet at all times preparing for the fight of your life. Ready or not, here it comes. **__Pros__** Large Salary (Percentage Based) People Working Under You (Boss) Higher self esteem due to being a powerful person. One can charge expenses to the company's account Nice office space. Prestigous title. Intellectually stimulating job Extremely long hours can decimate a person and his family. Stressful job. Risky business due to the lack of regulation. Little time to see family. People end up wanting more and more once they begin this job and greed develops over time. Very aggressive community. __**Requirements:**__ In the profession of Hedge Fund Managing, one needs to have quite a few tricks up their sleeves to succeed. Although, it is important to understand that it is not a job you get hired for, it is one that you create for yourself by starting a company.One needs to have experience in the fine art of investing so they will make the right choices when it comes down to crunch time and they also need the right contacts. Contacts form two important parts of the Hedge Fund's startup- they enable the Manager to get ahold of savvy investors to employ and utilize when the company gets going, and contacts also enable them to get wealthy investors to supply them with the capital needed to invest. Also, a Hedge Fund manager needs to be able to decide between risk and reward. The name Hedge Fund actually derives from the commonly used tactic in the 1950's - 1970's to balance out risk by going short and long on certain stocks, and ergo, cushioning any possible losses that may occur. All in all, though, a Hedge Fund Manager needs to be able to deal with losses and keep pushing on. This is because, unlike Mutual Funds, they are unregulated, so they are prone to big "ups" and big "downs". As such an overvehement Hedge Fund Manager would have a very difficult time dealing with this stressful position. Glossary: __** 1) Balance : The amount of cash flow when combined with the company's expendature. 2 )"Long ": When one invests in a company, expecting it to go up, and therefore be able to sell the stock for a gain in capitol. 3 )"Short: When one essentially borrows a stock hoping to buy it back at a lower price, therefore yielding profit. When one shorts, they make money if the stock price plummets. 4) Hedg e  : Stratagy commonly used throughout the 1970's -1950's in which one would use shorting of stocks to cushion any possible losses from investing long. 5) Portfolio : The collection of investments that a certain group of people / person are / is investing in. 6) Pallatte : The amount of money that an analyst is investing for the company and where he / she is investing it. 7) Analyst : The workers who come up with what to invest in and how much to spend. 8) Portfolio Manager : The worker who essentially works above analysts and manages the amount of money being invested in what by them. 9) Profit : The amount of "new money" made from any certain endeavor, basiacally meaning that if you spend $10.00 and get back $12.00, you have $2.00 of "new money" 10) Risk : The probability that a certain endeavor will not yield any profits and will in fact lose money. Higher risk usually involves higher returns, though. 1) [|http://www.careers.com] Careers.com is a website that has a wide variety of occupations on which it gives out information. It is easily customizable as you can pick which state you live in, years of experience, and education relative to that career. 2) __[|http://www.careerbuilder.com]__ Careerbuilder is a website that essentially allwos people to look at different jobs in terms of salaries, educational prerequisites, hours of work each day, and much more. It is also customizable by state, education and experience. 3) __[|http://careeroverview.com]__ Careeroverview is a company that connects people to different jobs in an amazingly wide spectrum from Wallstreet to gas station attendant to waiter. It is also customized. 4) Guide to Hedge Fund Managing by Phillip Coggan This is a great book that does a great job of not only summarizing the Hedge Fund experience and what they do, but he also gives the perfect amount of detail without droning on and boring the reader. 5) [|http://www.hedgefund.net] This is a career website that is specific to Hedge Funds, so it gives a lot more detail about that specific occupation than most other websites do. **__ Interview:__** I had the pleasure of interviewing a woman by the name of Stephanie for my extra credit portion of this project. She had some great insight on the career as it has been her trade for many years. She told me that as a Hedge Fund Manager, you are submerged into a fast paced, aggressive, and intense environment that can completely change overnight. An example of this was the economic meltdown of 2008. She said, "When something as monumental as that occurs, a Hedge Fund Manager has no choice but to act as quickly as possible managing risks that could be effected by the sudden economic meltdown. In the business, everybody has to take the information given and sort out the useful from the useless and act accordingly using this information." Stephanie also told me that it is a "Machiavellian" sort of business. As she puts it "The end justifies the means", which was Machiavelli's goal driven motto that he expressed during the european renaissance. The general idea that she tried to get across was that the hedge fund community is among the most aggressive in the world. It is an occupation that can make or break a person depending on what they do with information and if they have the guts to beat out competition using rather unscrupulous methods. About the Author: __** Jack is a resident of Rye, New York and currently attends the local middle school. He has a step-mother who worked at a hedge fund and a father who works at a private equity fund. He has had an interest in this field since he was a mere child in the 4th grade. Ever since, he has been working towards this goal by striving to learn more and more about the field every day and even invested some money of his own. He has high hopes in terms of monetarily measured success in addition to retirement at or near the age of fifty. These high expectations for him also come with a very demanding schedule even as a child. We quoted him saying this about his busy schedule, "The fact of the matter is, even though these activities and priorities are mainly aimed at getting me into a better position moving into the field, they also aid me in learning time management and developing a work ethic. Those are just as important, if not more important, than these activities and the experience that I will draw from them."
 * __Hedge Fund Manager Profession Description:__ ** To be a Hedge Fund manager is a very demanding job that requires many complicated and near impossible prerequisites. They need to be very smart, shrewd businessmen, and additionally, they need to have experience and contacts. If one has no experience in Hedge Funds, the next best thing would be experience at a Private Equity Fund or Mutual Fund. In essesence, the fund’s manager is the founder and employs marketing and investing stratagies, manages countless portfolios and has to help the company choose how much risk to take via “hedging” strategies. The schedule below is that of an average Hedge Fund Manager on a week day:
 * __Cons__ **
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 * __Resources:__ [[image:http://t1.gstatic.com/images?q=tbn:lKPN3kMbaY9y6M:http://www.arabbankers.org/download/123321_c_sU127360_s_i6906/brady.gif width="110" height="97" link="http://images.google.com/imgres?imgurl=http://www.arabbankers.org/download/123321_c_sU127360_s_i6906/brady.gif&imgrefurl=http://www.arabbankers.org/shared/custompage/custompage.jsp%3F_event%3Dview%26_id%3D445505_U127360__149653&usg=__nGZFFemuEHHF2tMlsshJjwXwiwE=&h=114&w=81&sz=7&hl=en&start=1&um=1&tbnid=lKPN3kMbaY9y6M:&tbnh=87&tbnw=62&prev=/images%3Fq%3DJohn%2BBrady%2B-%2Bubs%26hl%3Den%26safe%3Dactive%26sa%3DN%26um%3D1"]]**
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