Tag Archives: Wall Street

The Hedge Fund Industry Has Two Barriers to Entry – Can You Break Them?

The hedge fund industry is regarded as one of the most appealing sectors within the financial community. That appeal has created unprecedented demand for fresh talent and skilled investors who are looking to make their mark. But how difficult is it for job seekers to break in? “It’s a hard industry to break into if you don’t know the right […]

Which Hedge Funds Perform Best in Down Markets?

PerTrac, a provider of analytics, reporting and communications software for investment professionals, released a new report this week detailing the success of hedge funds during years in which the entire sector posted negative performance results. After taking a look at small hedge funds (where assets under management were less than $100M), medium-sized entities (with AUM between $100M and $500M) and […]

Did Bernie Madoff Run a Hedge Fund?

Everyone knows the name Bernie Madoff. But very few people know the true story behind his deceptive Ponzi scheme. “A lot of people don’t know this but Bernie Madoff was not a hedge fund,” Mitch Ackles, President of the Hedge Fund Association and CEO of Hedge Fund PR, told StreetID. “Bernie Madoff was a broker-dealer — a regulated entity. He […]

What Will Happen to Wall Street if Romney Wins?

During the first presidential debate, a Yahoo Finance poll found that 80 percent of voters (33,782) believed Mitt Romney gave a stronger performance than President Obama. Among the praise and critiques of both candidates, one important question has emerged: what will happen to Wall Street if Romney wins in November? “I think they have pretty much more or less settled […]

Before Starting a Hedge Fund, Build Up Your Track Record

Earlier this month, Daniel Strachman, a financial expert who serves as the Director of Research and Strategy for the GAIM Conference Series, told StreetID that if hedge funds want to attract more capital, they need to tell a good story. “[Make] sure that they’re succinct in their message about what they’re doing with the capital they’re investing,” he said. Hedge […]

Best Places to Start a Financial Firm

From New York and Chicago to London and Hong Kong, there are plenty of locations to launch a new financial firm. But where should aspiring entrepreneurs begin? “British Virgin Islands,” Andrei Knight, the founder and Senior Currency Strategist at fxKnight.com, suggested. “Panama, maybe. The problem with those jurisdictions, of course, is also the shady element. That’s where the loosest regulations […]

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 […]

Benchmark’s Michael Eisenberg: Pay Attention to Micro Businesses

If you want to know where the job market is headed, Benchmark’s Michael Eisenberg recommends that you pay attention to the trend surrounding micro businesses or sub-SMEs, “where we have a lot of talented people that have gotten laid off or have left their jobs in corporate America that are starting businesses on their own.” “This is creating incredible opportunities […]

Five Ways to Break Into Wall Street

Do you have what it takes to work in the financial sector? Scott Bell, CEO of the wealth management firm MyGDP, has provided StreetID with his blueprint for breaking into Wall Street. I say this kind of tongue-in-cheek, but if you haven’t watched the movie Trading Places more than five times in your life before you’re applying for the job, […]

Five Quick Tips for Struggling Job Seekers

If you’re looking to get to work right now, Tom Busby has five tips to give your job hunt a boost. Busby is the founder and CEO of DTI, the Diversified Trading Institute. He’s bringing his wealth of knowledge to The Traders Expo Dallas, where he will be speaking on the topic of trading exotics (grains, bonds, gold and silver, […]