Drobny: Launching hedge funds on $5M from friends and family is dead
Steve Drobny · Steve Drobny – Where the World is Going at Clocktower Group (Manager Meeting, 30) · May 5, 2022 · at 12:46
Steve Drobny discusses the institutional compliance, infrastructure, and capital requirements now required to launch an independent macro hedge fund.
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“So running around with your hat out, raising fives and tens from your rich uncle doesn't really work anymore, which is how Stan and George and Paul and all these guys started. I mean, some of these funds started with seven million dollars, with twelve million dollars, with nothing, but you can't do that anymore.”
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