Well I hate to burst your bubble, but this isn't how it works. It's usually some pasty finance nerd sitting in a skyscraper in NYC working off of 4 hours of sleep and an alcoholic with a crumbling marriage. However, this doesn't need to be you. Thanks to the federal govt you can setup your own tax free hedge from via your employer or personal brokerage.
You don't need to be a market wizard with a team of lawyers to setup your own tax exempt off shore hedge fund. You just need to take what the govt gives give!
Ever heard of a 401k, SEP IRA, SIMPLE IRA, ROTH IRA, etc! The list goes on and on. Over the past few decades the federal govt has setup many different legal means for you to avoid taxes. Not only avoid them, but get a refund and them watch them grow tax free! On top of this thanks to the emergence of Exchange Traded Funds (ETF) you can now act just like a hedge fund as well.
Retirement accounts generally speaking don't allow for options or leverage to be used. But this can be enhanced with ETFs that do this for you. I'm not going to give you names, but there are ETFs out there that will allow you to leverage up double or even triple the amount invested thus magnifying gains and losses. They can also go long or even short certain sectors or the entire market.
Put all of these together and you've got your own hedge fund that you can run right from your living room couch!
Note: these sorts of things should only be utilized by very knowledgeable and skilled investors. 99.99% of you are no Warren Buffetts or George Soros, so tread with caution!