All posts by HumanMountain

Christian Broda: Setting Up a Successful Hedge Fund

Christian Broda is a managing director at Duquesne Capital Management. He served as an economics professor at the University of Chicago before accepting his current position. He is a prolific author and has written multiple articles and books on the subject of international finance and trade. The American Economic Review and the Quarterly Journal of Economics have published his findings. He was given two National Science Foundation grants to help further his research.

Broda is the associate editor for the Journal of Development Economics and has served terms at Columbia University and the Federal Reserve Bank of New York. He is also a member of the Society for Economic Dynamics, the National Bureau of Economic Research and the Economia Journal.

Broda is responsible for multiple hedge fund start-ups and is an experienced economist. He holds a Ph.D. in economics from MIT. Dr. Broda is married with two sons.

Broda has several tips on how start your own hedge funds. Hedge funds can be tricky to begin on your own without the proper legal information. The lack of sufficient oversight in the current investment world can make it easy for an investor to practice fraudulent activity. Hedge funds by themselves, however, are not illegal and are a great way to stabilize your finances without placing yourself at a large risk.

According to Broda, hedge funds operate by investor teams, including traders, junior analysts and a chief financial advisor. There are many more key components, but the three mentioned above are the most critical. You will also need a relationship with a law firm. Hedge funds must always have a legal representative, along with advisors. Since super law firms tend to charge more than is necessary, try to work with smaller firms to avoid overspending.

The prime broker you select will be responsible for all your trades. This broker will hold the record of your stocks and enable the purchases of your hedge fund.

You will need funding to get your hedge fund up and running. The best way to start your hedge fund is to find capital investors who are willing to invest in your fund. Locating and securing these investors is a painful and time-consuming process, as you will need to work with them to ensure satisfaction of both sides.

It’s best if you have a professional office space from which to operate. A professional appearance can help attract the necessary investors and give you an enduring hedge fund.

For information on Christian’s thoughts on the state of the US dollar, see his profile on ValueWalk.

Google+ Developer Declared the Project a Failure

Chris Messina, previous Google employee, said that the idea of Google+ was to make a tool full of possibilities regarding the sharing and personalisation of the information that one finds. This would particularly be important when it comes to the sharing of important academic information between communities of engineers and other such scientists.

The displeased Google+ developer mentioned an example of such troubles. He planned to give people the possibility to share their phone number with those who needed it.

Besides this, a lot of other personalised features which never came to life. Sergio Andrade Andrade Gutierrez says that is why Messina is angry that Google missed the opportunity to create a revolutionary program and released instead a social network that resembles Facebook so much and is not even appreciated by the users. 

Three years were spent developing Google+ and the developer calls it now ‘adrift at sea’. That is probably a game of words, since the code name for Google+ had long been Emerald Sea among the workers. 

However, Messina is sure that the users and the Internet would benefit from Facebook getting a powerful rival. One can only infer that he does not see Google+ as such being given his rant.

Google Now More Powerful than the Vatican

According to Wikileaks founder, Julian Assange, “Google is more powerful than the Vatican has ever been, and is more centralized.

The Australian, whom remains at the Embassy of Ecuador in London since June 2012, previously participated in a meeting with journalists to present his new book, ‘When Google found Wikileaks’, where Zeca Oliveira heard him  describeswhat happened in his meeting with Eric Schmidt, chairman of the company, and Jared Cohen, director of Google Ideas, whom he met in June 2011, at Assange English countryside home.

 

“Google creates bait to attract users . It analyzes how web surfers made ​​use of its services and collects data on them, which generates profiles that predict their behavior,”said Assange, explaining that Google then uses this information to target advertising, but also “sells it to US Government.”

Assange said the information revealed by Edward Snowden in the summer of 2013 indicated that the connection between Google and the US government dates back to 2002, although it could be earlier, “perhaps even since the birth of Google itself [1996 ] since it was founded with money from the Defense Department, and since then, there has been a more or less continuous relationship with the State Department.”

Despite the opinion of the Wikileaks founder, the fact is the voices of alarm about the political pressures exerted by Google have already been raised in European countries, and Europe is already seeking to limit the power of search and the hoarding of personal information.

Jared Haftel’s Helpful Tips

Jared Haftel is a graduate from Duke University. He graduated in the year of 2009 with a bachelors degree in science and mathematics, as well as economics. He has now been pursuing in the investment banking field. Jared worked as an analyst, in the Global Industrials Group at BofA Merrill Lynch. He also worked as an investment banking analyst for the Bank of America. As of now, Jared is currently employed at Vector Capital as an associate; he has worked here since 2011.

But getting a job like this can be extremely difficult, if Facebook is anything to go by.  That’s why Jared is always paying things forward, by helping new prospective junior bankers with the tips that they need to have their resumes recognized, especially on Twitter.  The difference between learning to apply for a job in college, to what you’ll actually encounter in real life is immense:

1. Understand that your resume will be processed quickly.

2. Try not to exaggerate.

3. If possible, have your resume reviewed by an insider.

4. Devote at least 50% of your resume to relevant work experience.

He then states how important it is that during a job interview, a firm hand shake and great eye contact can go a long way. Set yourself apart from everyone else and be positive. You are more likely to get hired if you stay calm and appear confident. One must also be persistent, but not too persistent. It is important to call back however, don’t be pesky.

Be prepared to answer those hard questions. There are also a wealth of helpful videos that can guide you through the process.

The ones that include why you left your previous job etc. Many employers judge what an employee will be like, by how they handle the relationship with a previous employer. Overall, Jared Haftel is a great person to gain some ideas for landing that new job!