Obinna Dike Citi is a financial software engineer who has worked with Citi for several years. Like many financially-minded individuals, Citi’s Obinna Dike has an interest in hedge funds. For those with a similar interest, the prospect of starting a hedge fund is often appealing, and it holds the promise of profit.
The first steps generally involved with starting a hedge fund include essentials like…
Creating Your Team – At minimum, you’ll need four people on your team: a chief financial officer, a junior trader and two junior analysts. Look for team members with a keen mind, whom you trust to be loyal and to find opportunities in otherwise-untapped areas. For new hedge fund teams, founders often seek junior-level professionals.
Naming Your Fund – It might not seem important initially, but naming your fund is among the first steps that you should take. You don’t want to convey a ridiculous or overly-aggressive image with your name, and you don’t want to use your own name. This means taking time to choose a respectable name with some sort of meaning to you.
Finding a Firm – Every hedge fund manager needs a high-quality firm to incorporate their fund. Select a respected law firm with experience in dealing with hedge funds. It is wise to shop around to find proper, affordable legal representation.
If you don’t have the financial experience of someone like Citi’s Obinna Dike, consider seeking it from an external source. Mentorships and financial advisors are everywhere, if you put in the effort to find them.
The first steps generally involved with starting a hedge fund include essentials like…
Creating Your Team – At minimum, you’ll need four people on your team: a chief financial officer, a junior trader and two junior analysts. Look for team members with a keen mind, whom you trust to be loyal and to find opportunities in otherwise-untapped areas. For new hedge fund teams, founders often seek junior-level professionals.
Naming Your Fund – It might not seem important initially, but naming your fund is among the first steps that you should take. You don’t want to convey a ridiculous or overly-aggressive image with your name, and you don’t want to use your own name. This means taking time to choose a respectable name with some sort of meaning to you.
Finding a Firm – Every hedge fund manager needs a high-quality firm to incorporate their fund. Select a respected law firm with experience in dealing with hedge funds. It is wise to shop around to find proper, affordable legal representation.
If you don’t have the financial experience of someone like Citi’s Obinna Dike, consider seeking it from an external source. Mentorships and financial advisors are everywhere, if you put in the effort to find them.
