Search starts for Hedge Fund Idol

Aram Fuchs, a partner at Fertilemind Capital, has set up an online site, Capitalist Collective, for candidates to submit their best stock long or short stock picks: [ http://bit.ly/gIR9rO ]

In June, he will pick the most promising analysts based on their picks and the breadth and scope of their critique of other contestants' ideas.

The chosen few will get an expenses paid trip to New York in the summer to take part in The Capitalist Collective Talent Search where they get 15 minutes to pitch their idea to an audience.

Fuchs will then choose a senior analyst, who gets a starting salary of $125,000, and a junior analyst, who gets $75,000.

Fuchs doesn't give any indication whether judging style is more Simon Cowell or Cheryl Cole.