DIY or disaster: The 21-year-old amateur hedge fund manager

A 21-year-old Waikato student manages tens of thousands of dollars on behalf of friends and classmates. (File photo)

Fri, 26 Feb 2021

There is a new boutique hedge-fund in town. It's highly exclusive and is run by a fund manager with a bold investment thesis.But unlike other investment funds, it is run entirely off-the-books by a 21-year-old university student.The student, who BusinessDesk has chosen not to name, manages upwards of $20,000 on behalf of his friends, acquaintances and classmates in an unofficial hedge-fund simply called 'The Fund'.One investor in the fund told BusinessDesk she had given the student her money as she wanted to invest in the stock mark...

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