This 18 Year Old Started A Hedge Fund In His Dorm Room…
He attends New York University and plans on attending NYU's Stern School of Business.
How would it be to start your very own hedge fund at the age of 18? Julian Marchese set out to find out.
Marchese was a mere nine years old when he made his first trade and skipped classes in high school on Fed days.
The eighteen year old attends New York University and plans on
attending NYU’s Stern School of Business. Along with a partner at Yale,
he founded hedge fund Remora Capital.
He has developed a quantitative, long-short equity strategy that runs automatically on his computer and is the basis for Remora.
Marchese invented the strategy when has was 14, making a 20% return on his parent’s money and then going on Dragon’s Den, the Canadian version of Shark Tank.
The “Dragons” liked Marchese’s strategy, enough that four offered to invest $12,500 each in his company (but he was under 18, so it didn’t work out.)
Marchese is planning on majoring in finance and statistics at NYU’s
Stern School of Business. Marchese says: “If you want to work in
business or finance, there’s really no better place to be than New York
City.”
He relies on his iPhone to keep up with markets. His favorites are no surprise: MarketWatch and the Financial Times.
Marchese attends the Quantitative Finance Society meetings at NYU’s Stern School of Business, which covers a new financial topic every week.
Remora hasn’t taken funds from investors yet. Rather, Marchese and John-Paul Pigeon, his partner, are testing Marchese’s strategy, meeting with mentors, and speaking with lawyers.
Marchese was a mere nine years old when he made his first trade and skipped classes in high school on Fed days.
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He has developed a quantitative, long-short equity strategy that runs automatically on his computer and is the basis for Remora.
Marchese invented the strategy when has was 14, making a 20% return on his parent’s money and then going on Dragon’s Den, the Canadian version of Shark Tank.
The “Dragons” liked Marchese’s strategy, enough that four offered to invest $12,500 each in his company (but he was under 18, so it didn’t work out.)
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He relies on his iPhone to keep up with markets. His favorites are no surprise: MarketWatch and the Financial Times.
Marchese attends the Quantitative Finance Society meetings at NYU’s Stern School of Business, which covers a new financial topic every week.
Remora hasn’t taken funds from investors yet. Rather, Marchese and John-Paul Pigeon, his partner, are testing Marchese’s strategy, meeting with mentors, and speaking with lawyers.
Read more at http://www.westernjournalism.com/18-year-old-started-hedge-fund-dorm-room/#2cm6ClATkJ0Dt3Ll.99
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