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Zouy200, and dwpeters, I can’t really speak for others; different people have different strategies that work perfectly for them. I can look on “my” situation and analyze how different strategies would have worked for me. In 2010 my gains where 169k. If All of that would have been...

I am definetly not here to give tax "advice", that belongs to a CPA... My point is that when comparing strategies & preformances, tax can be a BIG factor.

MONTHLY UPDATE MARCH 31 • Personal account: Value as of today’s close was $645,827. The account value in the beginning of the 2011 was 569k, a profit of 77k for the first quarter which is around 13.5%. While I am little focused on monthly returns, Quarterly return are “somewhat” more...

Thanks

Quick monthly update. As of closing today my personal acount value is $645,827. I will have a more detailed update regarding the acount values, as well as the developments of the fund.

What's your track record/history? Thanks

A RIA account would not be any use for me “right now” since I don’t intend to manage other people’s money now. The idea of the incubator is to start having an official track record that I could use down the road. Hope to post my monthly update next week the 31st which will include my...

I have similar thread here on Elite trader. My track record is 28 months, account size 600k+. www.elitetrader.com/vb/showthread.php?s=&threadid=214440 Keep posting your results.

Thanks for your reference. If you can mabye help me understand the issue of a prime broker, why is that so important? Is it not possible to run a small fund in a good regular brokerage acount with portfolio margin? Thanks

How has your preformance been so far this year?

Great numbers. Keep me posted what you decide to do...

Hi Bill, I have included the monthly returns for the last 10 months for my main account in which I have 90%of my positions. This was taken from my brokerage account portfolio analysis together with a comparison to the S&P 500. Before May 2010 I was using a different broker that doesn’t give...

Exactly. When you are converting to a full fledged hedge fund, its at that point that you will have all the past years audited.

Until now the cost has been $1600 to establish the incubator fund and annual expenses should be minimal, as long it’s in the incubator stage. All of this is changing “drastically” when converting the incubator b into a full fledged hedge fund.

Hi Howard, Interasting thread. Would you be willing to share your total liquidation value in your account now, and from 6 months ago? I think that would be helpfull. Thanks

Off course it closed 30.18 not 20.18, was just a typing error.

My averege short price for VXX is 30.70, VXX closed Feb 28 at 20.18... besides that, VXX is only a small position in my portfolio.

No problem, I will PM you the info. Would you be willing to to share with us your history/Track record, size, strategy?

Corection. Thanks all of you for your constructive comments, I hope to have my monthly update posted "March 31st".

FIRST MONTHLY UPDATE FEB. 28 2011 • My personal account value as of today’s close was $616,668. The account value in the beginning of the year was 569k. • On the incubator hedge fund I have made some progress as well. I have formed the Delaware incubator LLP, Opened brokerage...