Hedge Fund Manager? A question

fritos65 · Nov 16, 2011

To all who are full time or mostly full time traders, is it your ultimate goal to start a hedge fund or the like?

Thanks!

Martinghoul · Nov 16, 2011

gmst · Nov 16, 2011

the1 · Nov 16, 2011

Yes, and I did but I converted from a CPO to a CTA to get my life back. Taking custody of someone else's money is an incredible responsibility.

gmst · Nov 16, 2011

Quote from gmst:

no

Even though you didn't ask this, but I will tell you. My ultimate goal is to be rich, very rich. Doesn't matter if I become so running a personal account or running OPM. One big advantage of not running OPM is you can remain fairly anonymous and don't have so many reporting/placating clients headaches.

ramora · Nov 16, 2011

Quote from the1:

Yes, and I did but I converted from a CPO to a CTA to get my life back. Taking custody of someone else's money is an incredible responsibility.

Why is there less problems being a CTA than a CPO? The amount of money and responsibility are the same, correct? Are you now happier as a CTA?

Thank you

fritos65 · Nov 16, 2011

Quote from ramora:

Why is there less problems being a CTA than a CPO? The amount of money and responsibility are the same, correct? Are you now happier as a CTA?

Thank you

Was going to ask the same.

denner · Nov 16, 2011

Any of the CTA's care to comment on the rumblings amongst client's keeping their money at FCM's with the MF Global debacle? Or, alternatively, are you guys pretty concerned about keeping/raising money in the future with this black eye to the industry?

Daal · Nov 16, 2011

Maybe

bone · Nov 17, 2011

The CTAs and HFs are going private.

I have spoken to six CTAs this year who are going solo again.