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

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)
Dan Brunskill
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...

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025