Undergraduate Hedge Fund Manager
Undergraduate to Start Hedge Fund Before Graduation
An undergraduate student has made headlines with his pledge to start a hedge fund before graduation. Many hedge fund managers are young but Wong Juan Hai seems pretty inexperienced even by comparison to young managers. The college student has had some successful trades including one trade he claims netted $120,000.
The self-proclaimed "typical guy" made his first $100,000 in stock profits at the age of 21 and paid for his first sports car (a Mazda RX8) in full when he was just 23. Mr Wong now has dreams of starting his own hedge fund.
The former Anglo-Chinese School (Independent) boy has his dad to thank for exposing him to the world of investing at the age of 18: On many a night, he watched his father check stock prices on television. To date, the young man's largest one-off gain stands at a whopping $120,000.
Still, despite being half a millionaire, Mr Wong, a first-year student at the Singapore Management University, insists he doesn't over-indulge. "I can wear China-made clothes; I'm not spoilt. Sometimes I don't even want to drive into the CBD because the parking is so expensive. There was once I parked for two hours, and the fee came up to $9. I was like, are you insane? I can do better things with $9." Source
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