Author Archives: Jesse Marrus

From Boutique Startups to Conglomerates like JPMorgan Chase, What Does it Take to Launch a Financial Enterprise?

“I think the basic advice, even though most people ignore it — plan [for it] to take twice as long and cost twice as much,” Boris Schlossberg, Managing Director of FX Strategy at BK Asset Management, told StreetID. “I would even say three times as long and three times as much because everything in the financial industry right now is […]

How Much Money Does it Take to Start a Hedge Fund?

Contrary to popular belief, you don’t need a billion dollars to get a hedge fund up and running. According to Daniel Strachman, a financial expert who serves as the Director of Research and Strategy for the GAIM Conference Series, you can start with a relatively small amount of money. “It’s reasonable to think that a group of people could get […]

Will the JOBS Act Lead Employees from Goldman, Merrill, and Morgan to Launch Funds?

Many Wall Street experts think that the JOBS Act will change the hedge fund industry. According to Daniel Strachman, a financial expert who serves as the Director of Research and Strategy for the GAIM Conference Series, it could also lead to the consolidation of existing funds — and the creation of others. “It would not surprise me if you saw […]

Will the JOBS Act Transform the Hedge Fund Industry?

There has been a lot of chatter surrounding the JOBS (Jumpstart Our Business Startups) Act and its inevitable impact on the job market. But what impact, if any, will it have on the hedge fund industry? “For more than 60 years, hedge funds have never been allowed to advertise,” said Mitch Ackles, President of the Hedge Fund Association and CEO […]

How to Start a New Hedge Fund

Starting a hedge fund is much different from launching other kinds of companies. Most significantly, there is almost no chance that you will be able to start this business out of a garage. No — to get a hedge fund up and running, you need buckets and buckets of cash. “If you really wanna succeed, and you wanna manage a […]

Are Physicists Poised to Take Over Goldman Sachs and Other Wall Street Banks?

Are Physicists Poised to Take Over Goldman Sachs and Other Wall Street Banks? Wall Street is not shy about its desire to hire talented quantitative analysts. But as it turns out, quants are not the only unusual profession to infiltrate the financial sector. “There are now over 2,000 physicists working on Wall Street and thousands of other math quants to […]

Do Hedge Funds Create Jobs?

There has been an ongoing discussion surrounding hedge funds and their ability (or lack thereof) to create jobs. Many financial professionals wonder: do they really have the capacity to help the job market? And if they do, what jobs are hedge funds producing? Mitch Ackles, the President of the Hedge Fund Association and the CEO of Hedge Fund PR, told […]

How Can Hedge Funds Raise More Capital?

“Like anything else in life, when you are raising money for your fund, it’s very much about you as a person,” said Leigh Drogen, the co-founder and CEO of Estimize. “People give money to people they trust. They don’t give money to statistics or returns or strategies — they give money to people, so personal connections and trust are everything.” […]

Working for Bank of America vs. Financial Startups: How Does the Experience Differ?

According to Leigh Drogen, the co-founder and CEO of Estimize, there’s a big difference between working for or managing a traditional financial institution and a financial startup. When you’re in charge of the former, “Every day you come in and know exactly what you need to do to build that firm,” Drogen, who was previously the founder and CIO of […]

Who’s Getting Hired on Wall Street?

From a wealth management veteran to an M&A exec, Wall Street’s brightest and best are securing new roles this month. John Sullivan, who once served as the Executive Director of Wealth Advisory Services at Morgan Stanley, the Director of Wealth Management at Smith Barney, a Business Development Officer at Citibank, and an Account Manager at Citigroup Global Equipment Finance, has […]


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