You need access to capital and balance sheet, brokers who help you, salesmen who wine and dine your clients to bring trades in the door, and a lot of other artifacts of the trading floor. It's tough to buy a billion dollars of bond notional below fair value if you can't afford it and there's nobody to sell it to you.
There are huge advantages that the institutions have built for themselves.
Not only that, but these guys are often some of the quickest, toughest, most perceptive people you will ever meet.
the fund is not big issue,i suppose,because they may borrow from the cheap source to leverage the trade. the insider info should be the key to their successes, and exploited by the big invest firm.
There are huge advantages that the institutions have built for themselves.
Not only that, but these guys are often some of the quickest, toughest, most perceptive people you will ever meet.