There are many ways to learn about hedge funds and careers in the industry. First, check out the Hedge Fund Basics section at the Managed Funds Association’s Web site, https://www.managedfunds.org/hedge-fund-investors. It offers an easy-to-understand summary of how hedge funds work, a glossary of useful terms, and industry statistics. You should also read industry publications, such as Hedge Week (http://www.hedgeweek.com), to learn about the major players and the latest news. Participate in investment competitions during high school and college to develop your stock-picking skills. The Wharton School at the University of Pennsylvania offers the Knowledge@Wharton High School Investment Competition, a free, global, online investment simulation for students, ages 14–18, and teachers. According to the Wharton Web site, “students learn about teamwork, communication, risk, diversification, company analysis, industry analysis, and investing.” Visit https://kwhs.wharton.upenn.edu for more information.
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