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What the article talks about is not a typical hedge fund trader, but a kind of portfolio manager, that's what a prop trader is more like. A trader in a hedge fund is someone who usually earns $200k plus or minus something...but is more in executing trades and such, not coming up with investment ideas (so not that gigantic upside they mentioned there usually).


It seems difficult because the roles exist on a spectrum. I'd be interested in how to make the titles and claims more precise.


eli5 a prop shop vs. hedge fund? or hedge fund trader vs. prop trader is that's any different


Hedge Fund: an organization that invests client money and keeps some % of the fund/profits each year as a fee.

Prop Shop: a division within some financial institution that invests the institution's own money.




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