Starting up a hedge fund can be very difficult since it requires the ability to raise millions of dollars from high-powered investors. However, some young adults have managed to become millionaires (and sometimes billionaires) before they’ve finished college.
Julian Marchese
It’s hard to believe that Julian Marchese began his trading life at the young age of 9. At the age of 14, he gained a 20% return on $30,000 of his parents’ money in stocks, using an algorithm he created. At the age of 18, he partnered up with John-Paul Pigeon, a sophomore at Yale, and started Remora Capital. While the hedge fund is still looking for investors, Julian Marchese is on his way to becoming one of the top managers.
John-Paul Pigeon
John-Paul Pigeon is currently a student at Yale, but he started his trading career decades earlier. At 12, John-Paul was considered a “Financial Guru” who made appearances on Martha Stewart to talk about a book he’d written and the corporation he’d founded. At 13, he was mentored by Robert Kiyosaki, author of Rich Dad, Poor Dad. Now, he’s the co-founder of Remora Capital with Julian Marchese at the age of 19, making him one of the youngest hedge fund managers ever.
Jacob Wohl
Jacob Wohl is just 18, but he’s one of the best hedge fund managers you can find. Nicknamed the “hedge fund guru,” Jacob started Wohl Capital Investment group while still in high school, and recently began Nex Capital Management. From a young age, when most kids are idolizing their favorite sports or music star, Jacob chose Warren Buffet as his role model—and that fueled his love for hedge funds. It all started with investments from his classmates and teachers, but he claims that he has gained a 22.8% return on investments.
Rachel Fox
Many people may recognize Rachel Fox as an American actress and singer, but she’s so much more. By 16, she was making hundreds of trades per year and getting 30% return on investment in day trading. Rachel claims that being young is an advantage to being a hedge fund manager because pop culture can affect Wall Street. She has a variety of strategies, but the one thing she believes in is that an investor and hedge fund manager should always trust their gut. She outperformed 99% of hedge funds in 2012, so her methods definitely work.
Karim Moussalem
Karim Moussalem isn’t as young as some of the other hedge fund managers on this list, but he still managed to achieve something many would think impossible for a 29-year-old. Karim became a managing director at Goldman Sachs and co-founded Verrazzano Capital (a $1.6 billion hedge fund all within a decade of working experience). This experienced hedge fund manager got where he is today by removing emotions from his trades and not getting attached to positions, and that’s the best advice he can give anyone looking to start participating in trading.
