Recent content by Snake Eyes

I've used both GSEC and IB for this strategy. Both advertised 15% House Maintenance. For a market-neutral strategy, you always have 15% House Maintenance. But, for example, if you are long-only, GSEC's risk model puts you into a Risk Call at 20%. At IB, there is no Risk Call, but at 30%...

My AUM is $5M, my Excess Liquidity is $2M, my new Exposure Fee would increase my lending rate from 50bp to 55bp, so there is no deal in town that cheap. I, too, am concerned about lack of clarity. Aren't there regulations prohibiting "We can raise your fee anytime for any reason" statements...