Work for the federal goverment. Long time ago I use to work for GS and most of the people in the office only work about 10 hours a week, yes we were union, but it was the easiest job I had till I retired from government servant. Even congress couldn't fire us, it was the good old days.
How can a trader trade for hedge fund without giving away strategy?
- Thread starter bidask
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Work for the federal goverment. Long time ago I use to work for GS and most of the people in the office only work about 10 hours a week, yes we were union, but it was the easiest job I had till I retired from government servant. Even congress couldn't fire us, it was the good old days.
what do you mean when you say prop and how would an arrangement work there? i thought you have to bring your own capital to prop firms.
and how does the arrangement work at a private fund?
what i meant is that i'm not actively looking or something, but i've been thinking about how and why such arrangements work.
and how does the arrangement work at a private fund?
what i meant is that i'm not actively looking or something, but i've been thinking about how and why such arrangements work.
Easier than you think. Join the United Auto Workers.
I've seriously been considering the advantages for a UTW...United Trading Workers.
In the current environment, I'm confident that members would be paid not to trade.
Volatility would decrease and short sales would no longer be a problem.
Citigroup would shoot to 15, GM to 10, folks would start buying homes again, and the Obama team would be happy.
What's to lose?
Methods/systems developed prior to joining the hedge fund is your intellectual property. Stuff developed during work hours is their IP. Stuff developed on your leisure time is your IP. If they want to use your IP during work? cut a deal with them prior to joining that they pay you a onetime free, annual or monthly fee for the rights. Or develop new stuff that they own and use that.
Total bullshit. I worked two summers at a Chrysler brake plant in Michigan along with some other college kids. We put in full days' work right alongside union workers and nobody was slacking off. There were production quotas to be met; any slackers would've been fired, union or no union. The work paid OK, except of course we college kids didn't get sick or vacation days. The work was dangerous: asbestos everywhere, you wore a filter mask the full time you were on the factory floor if you were smart. Also more than a few workers with missing fingers from getting them smashed in brake presses by not following all the safety precautions during one of the frequent press jams. Clearing the jam safely is time-consuming and a lot were eager to make quota for the day. Not all of them were lucky.
This fairytale that UAW has it made, getting paid big bucks for little or no work is absolute horseshit.
What I experienced is the exact opposite.
Pretty much everyone who has this concern is flattering themselves. If you've somehow stumbled on the one goose that lays golden eggs then a hedge fund doesn't want you. Either there's risk you're not taking into account or market conditions will change and eventually your strategy will stop working; either way paying for you or your strategy isn't worth it. They would much rather have a group of smart people, preferably who can multiply their effectiveness by working well with a team of other smart people, who can find multiple opportunities every year. If you're this kind of person, you aren't worried about someone "stealing" your strategy. You know it's got a limited shelf life anyway and you're constantly coming up with more. I'm guessing you and the rest of the "but what if my broker/boss/garbage man steals my strategy" posters aren't this type of person. If so, no need to worry about a hedge fund stealing your idea because they're highly unlikely to hire you in the first place!