Road to Hedge Fund

Investment Banking programs arguably provide the best financial training when one starts their career. However, if the goal is to be managing money one day, is it better to seek a career directly in the investment business (e.g. Fidelity Research, Capital Group, etc) and then hope to raise money later in your career to manage a hedge fund?? I’m in mid-career, finishing CFA (no aspirations for an MBA) with the goal of one day working at a hedge fund. At this point, I’m thinking it would be better to work at an investment firm and go from there versus joining an I-Bank and work as an Associate for 2 years and then trying to manage money. Any thoughts?

Why don’t you just go work at a hedge fund?