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Re: The NY Metro Article: The hedge fund managers profiled don't represent the way the vast majority of managers comport themselves vis-a-vis , ostentatious spending habits, impulsive high risk trading behavior for the sake of bravado, intoxicated with power etc. I used work at a few of the...

"My question is, how can you justify taking such a small cut of the profits when you are used to keeping 100% (besides paying taxes) on the money you make trading your own private account?" It seems axiomatic to me, however access to large pools of capital would bring with it the benefit of a...

Started in 1981 as a local at the COMEX (N.Y. Gold Futures), On to a couple of equities hedge funds, independent ever since. Where did I learn? I'll have to get back to you when I finish learning.

Electric does sound eccentric, but he also sounds like he knows it and he's honest about it. Can't fault him for that. I trade my own funds independently also. There is a lot to be said for the freedom of doing business unfettered by partners, investors, managers,etc. I spent a number of years...

Hi everyone, On behalf of my nephew who's asked for some advise on this issue, I've agreed to do some research on this subject matter. With regard to the previously mentioned definition of a professional: "A firm takes a trader's risk deposit, and the trader trades his method. The firm makes...

40% of incentive fee (8%of profits).

Getwhatudeserve, Amen brother. You've got your priorities in order. I can afford higher quality, but I drive a beat up old hyundai. Every car I've ever had gets dented up in parking lots. Every pair of sun glasses I've ever had I've lost or sat on, so I'm more Waldgreens than Rayban. The only...

Fasterpussycat, Congratulations! It sounds like you are experiencing a great deal of success. Despite your assessment, that's not an easy thing to consistently achieve in this business. I don't know how long you've been at this game, however I suspect not that long given your comments. If I am...

I had on the largest short postilion of my career during the down trend during september of 2001. It was a fully hedged position and still in place on the morning of the 11th. Covered the morning of the 17th, up just under $9 mm. Sometimes better to be lucky in life than good. Lost over $5...

Studentwizard Your description of how to learn to trade independently may just be the most accurate assessment I've ever read. You may now consider yourself the victim of a chronic case of plagiarism.

These lists are amusingh I know of at least one that is missing. I wonder how many others there are.

Prudent, Far and away, the most common reason hedge funds use prime brokers is to "trade away" as Screen name Trade24 alludes to on this thread. Historically, prime brokers were initially established to dispatch the away trade. By acting as a central repository for funds, a hedge fund can open...