Hi Davinder,

I would say that your first steps should be:

* Given the long years it takes to accomplish what you are trying to accomplish, I would spend some time contemplating why you want to start your own hedge fund.

* If after contemplating your reasons you still conclude that this is the right course of action for you then you need to do all that you can do to make tangible your money management skills. Unfortunately you do not have many of the obvious tangible things that reassure prospective investors: a professional degree, qualification, or previous finance experience. So clearly your best hope of making your interest in the profession tangible to prospective future investors is to get your CFA charter.

* The results of investment decision-making are objectively measured, not subjectively. So if you begin to manage some money - your own, a relative's, friends', and so forth - clearly document your investment choices and make sure that you measure your success using CFA Institute's reporting standards. If you generate good to great results (such as high levels of alpha) then you will begin to attract assets.

You have chosen a very difficult pathway to success. Best wishes for success from me.

With smiles,

Jason