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What’s up, everyone? Today, I want to discuss the crazy life of a fund manager!
I’ve gotten a lot of questions recently about my life as a fund manager. In this blog, I hope to answer a few of those…
What’s a Normal Day as a Fund Manager?
This will vary depending on what type of fund you are running, whether it’s real estate, private equity, etc.
It will also vary depending on whether you are the expert investor, fund manager, or the money raiser.
At the beginning of the fund cycle, the money raiser will be super busy with appointments, phone calls, and preparing their pitches.
Once the money is raised, their workload will decrease, and the expert investor will log in the hours as they look for and make investments.
Fund managers are usually busy all year due to capital calls, distributions, management fees, etc.
I, Bridger, personally spend a lot of my day putting out fires.
After putting in the effort to implement systems and when everything happens to be running smoothly, then I’ll have some time on my hands.
This time is spent following up and making sure everything is functioning correctly.
What’s the Best Part as a Fund Manager?
- I love getting my investors a high return (most rewarding part of my job!)
- I enjoy helping small businesses grow through my funding
- I think it’s fascinating to manage substantial amounts of money!
Worst Part?
Dealing with compliance and government regulations is the worst part of running a fund.
One of the biggest reasons I run Fund Launch and release free content on YouTube is to help people understand how to comply with the government laws.
What Personality Traits Do Fund Managers Need?
#1 Integrity needs to be important to you.
Like I said in my video…
“Don’t even think about getting in this business if you have a hard time being honest.”
There are so many opportunities to steal money from your investors. You will get caught eventually.
#2 I’ve seen all personality types manage funds. You just need to know how to cater to the needs of your investors
Downsides or Risks?
Starting a fund is not easy. It’s like starting a business but harder.
I started 6 businesses before my first fund and that fund was incredibly more technical and complex than my other businesses.
I also said in my video that…
“Any time you take someone’s money, there is an extra layer of risk involved.”
You will wake up every day and be responsible for allocating and handling other peoples’ money!
The whole business has its risks, but the potential rewards are astronomical!
Conclusion
So, that is the crazy life of a fund manager!
Hopefully, I answered some of your questions of what a fund manager lifestyle is like!
That’s it for today!
Thanks,
Want to get direct guidance for your fund? Schedule a time with my Fund Advisors!
DISCLAIMER: This content is for educational and informational purposes only. It is not to be taken as tax, financial, or legal advice. You should always consult a legal professional before taking action. Furthermore, this is not a recommendation to buy or sell any security. The content is solely just the opinion of the authors.
