1- Have passion
Dont be in the fund managing business just for money,have passion of managing it and generating alpha.
2-Build your network
Not social media one but a real one.
Its a high paced world & knowledge is power. To stay ahead in the curve & beat index returns,you need to do it.
No doubt you wish to grow a business but sometimes taking off helps in building better prespective.
5-Excercise
Fund managing is stressful & excercise helps in generating endorphins i.e. happy hormones. It also helps in thinking clearly.
You need to build your own edge which can generate alpha for your clients. Test various strategies be it long short,arbitraging or statistical models.
7- Build profile
Build your volatility,liquidity,correlation & convergence risk profile.
None of the clients would like you as a manager IF you don't set clear rules on risk controls,draw downs,effective returns & contingency plans. Have a clear structure as clients would love a sorted money manager.
#AKAL