Funds management updates: Big hedge funds getting stronger
The TraderTracker program, in collaboration with Drashta Capital, is currently funding three traders with up to $1.5 million. We are still tracking around 30 potential candidates who fulfil the relevant criteria. We are in negotiations with a number of hedge funds in order to expand this program.
Changes in the Hedge Fund industry in the past year or two have put the really big Hedge Funds in a very strong position. They are now less willing to allocate funds to start-ups and are much more likely to try and buy a 50% share of emerging businesses in return for seed funding and business resources. This is a tough decision for any potential hedge fund to make for as we know, it’s getting started which is the difficult part. There is hope nonetheless for those who wish to go it alone, with banks like Credit Suisse and Morgan Stanley becoming much more proactive in the FX space and ensuring that the established powerhouses like Deutsche have some serious competition when it comes to the development of hedge fund businesses.
Anyone interested in applying for either the TraderTracker of Manager Development Programs should fill out this application form.