Originally Posted by hktrdr
Ok, happy to elaborate: I am a partner in PE fund.
I am an anchor investor in a private hedge fund. I was completely naive and inept at the time. Everything from learning to use R and Matlab, watching Collective2 algorithms fail, attending the SALT Conference (lots of smart people, free food, booze, clubs), building a prospectus (and all the revisions), backtesting, being rejected about 100 times from potential investors and finally receiving a seed fund of 75 m from Larch Lane Advisors. Not to mention the attorney fees... It was a very surreal and eye-opening experience.