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Well, there you have it. If the structure is already setup as above, then obviously all of the cards are in the managing directors' hands. If you thought you were bringing in something that was worth "half", then you got screwed. This is not an equal "partnership" in that sense. Your...

Don't see the relevance of "original" English Common Law. Non-competes are a very, very regular/common part of modern business in America. See Mark Hurd of HP, Lee Kai-Fu of Google, for the high-profile examples. It's a part of standard employment contracts for critical employees in many...

Uh, no, they don't. http://en.wikipedia.org/wiki/Non-compete_clause

Standard in any NDA, and many employment contracts. You have to be relatively specific about the information you're protecting, but it's certainly viable. There's rarely an iron-clad contract, in any aspect of business. You're just trying to raise the bar. If your partner abandons you, and...

You could always look into some kind of non-compete. The corporate entity hires both of you; as condition of employment, you must agree not to use what you learned, or contact employees/investors at the current firm, for 36 months after end of employment.

I'd pay him to RTFM.

The IB rep is completely correct. And your position is valued based on calculated value distributed by the exchange.

No matter what I say/do, you're just going to keep repeating your incorrect statements. Not that I really give a shit about your correctness, but I hate the fact you're literally going to mislead people. This is really my final post on this very serious issue. People who are seriously...

Look, I don't want to get into this with you. It's not a good investment of my time. Anyone who's interested in the facts and with even average English comprehension skills can read the link you provided above, and draw their own conclusions.. "SEC Confirms Cash Solicitation Rule Not...

I still have no idea what you're trying to say. It doesn't matter if there is "more" to REG D than the "accredited rule" (sic). If someone is soliciting investment into privately offered securities on a publicly available website, then you do not have any exemption from Reg D's registration...

Please follow the link. http://lmgtfy.com/?q=reg+d I understand that you know a lot about private equity raises... your messages pop up in a lot of threads. Let's just say you don't know a lot about "hedge funds", and you should stop giving wrong legal advice.

First of all, good luck to you. Glad you're focusing on your core strategy, and it's working for you. Second, the above strategy of raising funds by "networking" through ET is ill-advised, and frankly illegal. The SEC and CFTC does everything under the sun to make that point as clear as...

I can vouch for ogarbitrage's firm. I haven't yet personally traded with them, but they have a great deal of expertise across various product categories... Extensive OTC and floor coverage.

I haven't followed open interest, so I'm not sure whether there has been a lot of call selling. But really, calls implied vola remained largely at historical averages recently (35-40). I think the primary dynamic has been put buying that really pushed implied vola up to 60. We will probably...

Indeed! This conversation is making me wonder whether I should hire a third party GIPS service provider to look at my numbers for me. I'm far too lazy to calculate another set of formal numbers. It shouldn't be difficult. I really just have one set of master fund accounts since launch...

They aren't. I'm trading a futures only fund, and NFA has its own rules on performance presentation/calculation. That doesn't extend as far as rf and Sharpe... but I don't think anyone cares. I suspect most institutional investors are really running their own numbers on the basis of my...

LOL. I discuss my funds' performance all day long with prospective investors, and no one has ever cared what the AIMR definition of risk free rate is... or the AIMR definition of anything, really.

There is no formal "definition" of Sharpe or risk free rate. It is whatever the investor evaluating the risky investment wants it to be.

Increasing leverage will not increase your Sharpe. It will double both your gains and losses.

Because of spread and commission, not because they get the direction wrong. Unless you're launching a market making firm you aren't going to change that fact.