Recent content by prudent

I know of a prime broker who will take a 200k account. Their service is horrific, the execution platform is embarrassing and they have never heard of EandO insurance. You get what you pay for. Prudent

Good points...and those interviews are very insightful. Our focus is consistent profitability...not returning 500% in the first year. If that happens fine, but our focus is .05% per month, we've gotten this far because of that and plan to continue. We have found that most educated high-net...

Nordic, Our leverage does not exceed 4:1 and is consistently 3:1 and below. Strategies are special situation (event driven) based. Trading parameters are based on how our specific basket has reacted to each mornings absolute SP value within a certain numerical range. It is a proprietary...

Interesting point buzzy...my fund only trades equities and equity options.

Thank you indahook, you described almost exactly what I am in the process of doing, I think this route best for where we are at this beginning stage.

What resource, in your opinion, points you towards the most legitimate, and effective third party marketers? Prudent

There are a few small prime brokerage houses that will take a 1 mil dollar...They aren't as stable as a Bear Sterns though...I'm going the regular brokerage house route. Prudent

Thank you for the substantive reply...appreciate it. Prudent

Hank, Can you read? You are making my point. Please read my first post. I don't think a prime is needed right now, which is your point also. Unreal. I was trying to find someone who had a counter-argument for using one at this early, low AUM stage. I guess we agree. Prudent

Well, hank I wouldn't call it a waste of time. A trading record of consistent .05% monthly returns makes this venture a very logical one. My question, which wasn't really addressed, is does anyone know the advantages of using a prime at this early stage. And by the way, Cyber will give you...

This is the scenerio, starting a hedge fund with 1 mil. All trading done in house by two traders. No DVP accts and no outside executing brokers. Can someone please tell me why would one sign up with a prime broker, pay higher fees and higher transaction costs? Now once the fund grows to...