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  1. R

    Starting/Working for a Hedge Fund

    No, it's actually a comfortable % of net worth to invest in my program trading futures only. Leverage is there and diversity is sufficient. Besides my returns are volatile and I will add to the program when drawdown reaches historical levels. I think your approach towards protecting...
  2. R

    Starting/Working for a Hedge Fund

    ???? Did I say that? not even close. Launching my first pool w/ $250K in next few weeks, probably have just over $1mm in the next few months, but not counting on it. As a matter of fact I wouldn't expect anyone to commit to my program in a big way from the get go. One piece of advice that...
  3. R

    Starting/Working for a Hedge Fund

    I said PA brainchild, it's my money. Congrats, I normally don't respond to piss ants.
  4. R

    Whats' it like working on a trading desk at a buldge bracket Ibank??

    Bulge bracket I banks are snake pits full of overgrown children. The managers are all 5 feet tall napoleons who make there living by kissing there bosses butts and selling out there staff every time a trade goes against them. They hold meetings on how they can mimic Goldman Sachs. When the...
  5. R

    Starting/Working for a Hedge Fund

    Just an observation, great traders don't talk like this. Cosine, although you did attack PTF, you did apologize and it takes a big man to do so. It seems like your passionate about protecting John Q Public from the likes of charlatans and for that you should be commended. It's the elitists...
  6. R

    Starting/Working for a Hedge Fund

    More importantly, when you bulldoze someone who is willing to help others like PTF. It only makes it that much more difficult for the next new guy who's got a question. Lets face it if we all knew what we were doing then we would not be on this site.. BTW shapre ratio was created in 1966...
  7. R

    Starting/Working for a Hedge Fund

    Some thoughts on PTF.. Personally this gentleman has done nothing but offer his knowledge in starting a small fund. Rags to riches you might say. I don't see him asking people for money on this site, so is it really our concern to see if his sharpe ratio is accurate? who cares. This is a...
  8. R

    Starting/Working for a Hedge Fund

    I know this is PTF's stage and I don't want to contradict his knowledge of running a fund. All I can say is that I am in the paperwork stage of starting a CTA/CPO and I did think of writing my own documents to launch. One attorney did mention to me that there are investors that do in fact look...
  9. R

    CPO startup

    yw
  10. R

    CPO startup

    Fortunatley I socked away enough to live comfortably for a few years. Actually my plan after leaving Wall Street was to just trade my own money. However after talking to friends they convinced me to start a CTA/ Pool. Unfortunately funds feel special when they manage other peoples money, they...
  11. R

    CPO startup

    avg. margin to equity comes out around 12% over historical testing. My actual number as of today is 11.8%. Up 80% max dd 27% ytd. audited. Going to launch my CTA and Pool by August. Although there is a lot of paperwork etc.
  12. R

    CPO startup

    I agree with you completely. That is the reason I asked if any know any CTA/CPO/HF manager who can deliver this! Any one? Returns like this are unrealistic and I would run the other way if someone presented it to you. Over the short term possibly Victor Neiderhoffer? Long Term capital...
  13. R

    Seed Capital

    Are there any firms that seed new hedgefunds that only have a track record in there PA
  14. R

    CPO startup

    Does anyone have a decent administrator and accountant for a CPO? looking to farm it out @ a reasonable price. Thanks
  15. R

    CPO startup

    Live, although "net" after fees you would roughly shave 15% off that return figure, at least thats what the cpa who's doing my audit says.
  16. R

    CPO startup

    Backtesting over last 25yrs while adjusting leverage I get returns of 26.3% max dd of 13.5 Funny, everyone I approach seems scared because of drawdowns. Ytd I have experienced a max dd of 33% of which I am still in(currently 15%) but my ytd returns "before fees" is 126% as of yesterday...
  17. R

    CPO startup

    I'm Dead..
  18. R

    CPO startup

    Thanks Nazz, It seems like wealthy individuals and referrals form them over time is the most reasonable way to prosper. I read recently that the average hedge fund lasts 5 years..Madness, the world wants stellar returns @ breakneck speed. I spoke with one potential institutional allocator and...
  19. R

    CPO startup

    I'm in the process of launching a commodity pool. Basically have some indications of interest from friends and associates. realistically launching it with just under 1mm. Anyone have thoughts on how to grow/market a startup. The volatility and returns are too high for institutions, I believe...
  20. R

    Series 3 examination question

    Been trading my own funds in futures for 13 months. Was an equity trader for a large investment bank for 12 yrs. In the process of launching a fund in the next month or 2. The material I used to study was considered up to date, yet it had Q&A's that were denominated in Deutsche marks? The...
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