Difference between investment banks and hedge funds?

[McLovin]

Oh and I would try Singapore before Tokyo and Hong Kong.

Singapore seems to be the new Tokyo. Even Macquarie has moved their Asian FX desk up there from Sydney.

I was speaking to a couple of prime brokers up in Honkers a few weeks ago, they weren't very flattering about Australian "hedge funds".

 

[McLovin]

Thanks for the info. I didn't really know to have big success an absolute necessity is sacrificing my whole life (ignorant me lolzzz), or just get super lucky like Snapchat or win lottery. Thanx to you guys for telling me. I have to think more, I still have my big dream but I need to plan more realistic approaches as well.

When I finished uni I went to London. First day on the job started at 8am finished at 11pm. And I had it easy, a mate of mine at HSBC in New York had his first day go from 8am until 8pm THE NEXT DAY.

 

[prawn_86]

Yeah sure, Cocaine Dealer, Silkroad barman or Barista in George street.

haha gold.

By some stroke of luck i have managed to be pretty successful (touch wood) and pretty much only work 9-5. I wont ever be able to make a 7 figure salary, but still very comfortable, and have even snagged an overseas move out of it Most of my mates however are slogging away with longer hours, or in lower paid jobs doing the 9-5 thing, or in the mines

 

[Trembling Hand]

Singapore seems to be the new Tokyo. Even Macquarie has moved their Asian FX desk up there from Sydney.

I was speaking to a couple of prime brokers up in Honkers a few weeks ago, they weren't very flattering about Australian "hedge funds".

Yeah well they are probably screwing them on fees.

Though I think the days for the $300,000 starting quant are done. Even the blokes at Tibra are driving around in 3 year old Ferraris!! Crisis!

 

[kid hustlr]

Entertaining thread.

Agreed if you want to be a big swinging d*** then getting out Australia is a good decision.

Don't become a broker.

 

[Klogg]

When I finished uni I went to London. First day on the job started at 8am finished at 11pm. And I had it easy, a mate of mine at HSBC in New York had his first day go from 8am until 8pm THE NEXT DAY.

Wow, WTF... I have it easy.
Working at one of the big 4 as an IT contractor. 9-5 and the rates are nothing to complain about.

 

[CanOz]

Don't become a broker.

As long as you are the broker and not an employee, i think you could still earn some good dosh if you don't trade the clients funds...

 

[kid hustlr]

As long as you are the broker and not an employee, i think you could still earn some good dosh if you don't trade the clients funds...

I just couldn't handle being a broker. No doubt if you've got a big book you'd make some decent coin.

That being said if (when?) I fail at this god knows what I'll do.

Maybe move up north like rambo

(Link is worth a watch for those who haven't seen it, and it was uploaded by Sommi!)

 

[McLovin]

I just couldn't handle being a broker. No doubt if you've got a big book you'd make some decent coin.

That being said if (when?) I fail at this god knows what I'll do.

Maybe move up north like rambo

(Link is worth a watch for those who haven't seen it, and it was uploaded by Sommi!)

Fark! I remember that dude. I was 15 and doing work experience at the SFE. He was out there.

 

[Trembling Hand]

I just couldn't handle being a broker. No doubt if you've got a big book you'd make some decent coin.

That being said if (when?) I fail at this god knows what I'll do.

Maybe move up north like rambo

(Link is worth a watch for those who haven't seen it, and it was uploaded by Sommi!)

ripper,

"I did 18,000 lots yesterday, probably larger than it should be"........ "I could be over trading" hahahaha

 

[kid hustlr]

ripper,

"I did 18,000 lots yesterday, probably larger than it should be"........ "I could be over trading" hahahaha

There's a few specials later on as well.

"So I was short 250 lots and the market went bid, so I sold 50 more to protect my position, It kept going bid, so I sold 50 more"

 

[CanOz]

I really want to see the whole movie...can't find it on torrent either.

Apparently Rambo is still trading...i know a great guy that knows him really well, him and almost all of the guys in that video clip. He was also on the floor of the SFE around that time, as well as Singapore, and London when Soros moved the pound...

Love to attend a BBQ with all these guys recounting their stories on the floors of the greatest exchanges in the world!

Most of you have heard of him too!

 

[kid hustlr]

I really want to see the whole movie...can't find it on torrent either.

Apparently Rambo is still trading...i know a great guy that knows him really well, him and almost all of the guys in that video clip. He was also on the floor of the SFE around that time, as well as Singapore, and London when Soros moved the pound...

Love to attend a BBQ with all these guys recounting their stories on the floors of the greatest exchanges in the world!

Most of you have heard of him too!

part 2 is on you tube as well, that's pretty much all of it

 

[VSntchr]

Great video to entertain me at lunch time!

Much better than watching the poms rolling us on channel 9...

 

[CanOz]

part 2 is on you tube as well, that's pretty much all of it

Link???

 

[keithj]

Link???

Part 2 is at http://www.youtube.com/watch?v=IeicBStz8NM

Part 3 doesn't appear to be there though

 

[skc]

I just couldn't handle being a broker. No doubt if you've got a big book you'd make some decent coin.

That being said if (when?) I fail at this god knows what I'll do.

Maybe move up north like rambo

(Link is worth a watch for those who haven't seen it, and it was uploaded by Sommi!)

Thanks Kid. Great viewing on a slow day.

Watching videos like these... make me glad that I don't trade futures.

 

[kid hustlr]

Part 2 is at http://www.youtube.com/watch?v=IeicBStz8NM

Part 3 doesn't appear to be there though

This is correct, I've got a dvd of it the final part is like 2 mins they are just talking about the floor closing.

EDIT: so no real need for part 3

 

[Trembling Hand]

Watching videos like these... make me glad that I don't trade futures.

Why? Don't you like the taste of your own blood in your mouth?

 

[DJG]

or just get super lucky like Snapchat or win lottery. Thanx to you guys for telling me. I have to think more, I still have my big dream but I need to plan more realistic approaches as well.

"lottery and super lucky" shouldn't be in the same sentence - not in the context of working hard or getting rich from working anyway.

Do any of you fella's have hands on experience in the hedge fund scene?

I'm currently completing my finance degree and will eventually be looking to go towards the hedge funds and potential investment banking. I'm looking for admin/data entry/entry level roles (and possibly settlements if no experience is required) in order to get into the door.

Could you share any advice, experiences, anything and everything on investment banks and hedge funds when it comes to a young bloke looking to work?

Thanks all

Daniel

If anyone could give some insight on the above question(s) I posed, that would be great. - Might be of interest to others too.