hipipol
Peckham Wry
Perfect
The Prop desk analogy is totally correct.
If you check out the people in the majority of UK based funds you'll find that the core of the biz will actually be a prop desk spun out of, and often seeded by, some vast investment bank - Deutsche, Goldmans, JPs, etc have all used that model - it has the added benefit of getting you a nice Prime Brokerage client who is fairly tightly tied in.
Nearly all the sell side guys you speak to want to be buy side - utterly fogetting that if you are in a fund charging those kind of fees you cant sit on your hands like you could trading a massive balance sheet prop-style - you have to trade, whatever the risk however illiquid.
Still, Hazard a try Sirrah, hazard a try
The Prop desk analogy is totally correct.
If you check out the people in the majority of UK based funds you'll find that the core of the biz will actually be a prop desk spun out of, and often seeded by, some vast investment bank - Deutsche, Goldmans, JPs, etc have all used that model - it has the added benefit of getting you a nice Prime Brokerage client who is fairly tightly tied in.
Nearly all the sell side guys you speak to want to be buy side - utterly fogetting that if you are in a fund charging those kind of fees you cant sit on your hands like you could trading a massive balance sheet prop-style - you have to trade, whatever the risk however illiquid.
Still, Hazard a try Sirrah, hazard a try
