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But your business model doesn't make sense. There are really only three possibilities. Let me explain... 1) You are investing your own capital The split should be 80:20. You keep 80% of gains and managers keep 20%. This is what you'd be getting if you approached a firm like mine with...

Admittedly, I didn't read the entire thread, so this might have been mentioned before. This business model doesn't make sense to me. In running my CTA I discovered that my time was better utilized by outsourcing aspects of the capital intro. Allow me to relay current market dynamics in that...

You are essentially describing an RIA. The majority of the long/short equity funds in the 8-12% CAGR range have had to drop their fees to attract new capital. Most intermediate to long term long/short funds took a beating in '08 and investors couldn't justify paying a 2/20 anymore. Many of...

Just for the benefit of others, since this thread is about fundraising. IMO, the reason that Heech is having better success with fundraising now is purely because of his history. To sum it up, it pretty much goes like this. Any fund less than $20-30MM won't be able to target institutional...

Tough to justify facilitating deposits less than $200K. Just isn't worth the hassle. In fact, most of the time if I'm meeting with someone and $200K is something to think about then I just tell them that the program probably isn't for them. Typically, the people I meet with state that the...

You are correct. "Trader status" isn't something that needs to be claimed, it is just something that needs to be qualified for. Anyway, the bigger issue is electing mark-to-market. A trader must qualify for trader status in order to elect the M2M option. If a trader makes the M2M election...

Green Trader Tax is aimed at a certain niche of traders. Essentially, that niche is guys who trade equities and are not professional managers. They specialize in "trader tax status" because the niche there is rather large with the advent of online trading for the masses. They aren't as...

+1 2012 was tough for me in that I had two negative months (3 negative net of fees for the 2/20 clients). The largest was 2.7% which was also my Max DD peak to valley. I outperformed the broader indexes, but I still had clients calling during the drawdowns. And it sounds crazy, but I still...

Good job Heech. Can you link the articles, or are you staying anon here? I totally understand if not, cause I prefer to stay anonymous here too. Just interested because my group is trying to get me to go more public and do features and spotlights. Wondering how it is working out for you.

I advertise my program as offering customizable leverage, but I run mine in managed accounts so it isn't a headache at all for me. If a client wants normal leverage, there is not special requirement. If they want higher leverage, they sign a notional trading agreement and we agree upon a...

Those sites are all a nonsensical waste of a trader's time anyway. They are a horrible way to raise capital and nobody in the legit finance world takes them seriously.

I think they are probably right on FL and NC in the safe column. Would be crazy if O pulled those off. Va is gonna be close, but prob Romney by 1-2%. I think NH ends up breaking for R, but that carries a big question mark.

Not a bad bet surf as a scalp. I just wouldn't hold it till maturity. Obama isn't 2:1 favored in any realistically weighted polls. As soon as the results start coming in tomorrow evening, Intrade odds are gonna get really tight. There are a few possible outcomes that I can see. If FL...

That is an incredibly ignorant post IMO. If you were at all familiar with the Mormons you'd know that their humanitarian efforts are second to none. Their welfare program puts the government welfare to shame. Their youth programs are eviable. If more people would give to organizations like...

Well, not exactly. The argument isn't that government spending crowds out private spending. The argument also doesn't have much to do with opportunity cost. In economic terms it deals with dead weight loss. DWL is pretty much irrefutable and both sides agree that it exists. The debate is...

I'd be interested in hearing your rebuttal of the simplistic video. Where specifically is it so far off track?

I'm not much for conspiracy theories, but I keep hearing suggestion of a delayed jobs report due to the hurricane. If it is delayed and it is above 8% again, their will be some screaming from the right.

One big problem Ricter with those arguments. There are a huge number of people on social security or disability who don't have the ability to "invest" their savings (in this case savings are the present value of future payments) because every attempt to privatize social security has been...

That's a stretch and you know it AK. Declaring that his opinion of the prosecution's estimated value of the company as "overvalued" is not even in the same realm as your suggestion that they were trying to take a company public that was "worthless". It is also not a problem for him to say...

LOL, Gloria's October surprise on Mitt is that she is unsealing his testimony from SOMEONE ELSE'S divorce proceedings, in which he testified to the value of the company. According to Mitt's people, "He has no objection to letting the public see that testimony." Hate to say I told ya so...