Jennifer Fan started working in finance when she was still a teenager, a decade later she is trading commodities for her own $650 million hedge fund.
Comments
She's gorgeous!! Trading a hedge fund at 19? At 19 I was working as a deckhand on a gulf of mexico crew boat to pay for college. I hate my life.
smart girl...
Haha, short term success isn't success. Don't measure short term bubbles as life success. True success is sustainable and quantifiable in physical goods.
Aliens...
Investing in a hedge fund isn't a bad idea as long as you put a small portion of your port with a fund manager you trust.
Specifically, trading commodities is not something you can use algorithm to keep winning. It could only end up in pure speculation. No wonder her fund got wiped out at the end of 2013. Commodities like Crude oil is not only influenced by the movement of historical prices(technical analysis which algorithm trading usually based on) but also heavily influenced by other fundamental factors like production adjustment from oil producing countries, weekly inventory reports and oil rig counts etc. These factors cannot be predicted by computer programs which i happen to know all these during my experience of last 5-month-trading on energy ETFs. Plus these stuff are highly risky. i always tell my friends who want to join me that if you can bear a 5% price drop in a day and manage to hold your ground at the end of it, then welcome to the game. To me, making money on trading commodities takes true Intellect.
shes the kinda of person who can always get the job but cant do the job
Trader of many, master of none.
whenever i watch these finance maniacs and their gambling i lose faith in humanity
I think she learned why those mortgage securities offices were so nice and those commodities offices were so shabby.
lol commodities pure speculation
why do i feel like seeing asians in finance is rare?
Plus it was always Quality first before Quantity... I saw most of the flaws in her was caused by his formal education and wrong mentorship from the left overs of Investment Banks.. Yes my mentor was a former Morgan Stanley european managing director but his time at the Investment Bank was good and different from the Investment Bank nowadays.. that's way Traders from Investment Banks, leaves and either went to hedge fund, start out a hedge fund or just an independent retail trader at their homes,..
I see some flaws in his managing style that's why it collapse in just watching this interview.. Her age isn't a handicap in managing a hedge fund, aye too start from the young age of 17 and I also managing my own hedge fund (and currently creating another fund just to set another record). I also traded commodities and derivatives but not frequently and it was just a small part of the over all assets that we've owned.. Commodities and Derivatives are a lot more riskier and more psychological than Stocks and Currencies.. and in starting a hedge fund it was good if you start out with lesser, less risky financial instruments...