> The problem is that when they fail, their clients lose money, and they don't (yes, there are some career risks, but they are minor). You can lose your deferr

> The problem is that when they fail, their clients lose money, and they don't (yes, there are some career risks, but they are minor). You can lose your deferred compensation, which is very common at both hedge funds and banks once you start earning more money. > Thankfully, now it is easier than ever — just show that you can consistently earn money by trading, and you'll get calls. Have you ever tried raising institutional money? It's not that easy even if you have a good track record. Many times it will come under extremely investor friendly terms and often it will be a SMA rather than an actual investment. Of course you can raise millions of F&F money, but the economics for most strategies don't work out until you get into the 9 figure range.