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  1. K

    2% Management fee, annualized and payable monthly

    I'm not sure what you mean by "what does the HF get out of it?" Some traders will be straight salaried, others will get a base plus incentive based on performance, some will get a decent salary then bonus based on overall fund performance. Much depends on your position. If you are just...
  2. K

    2% Management fee, annualized and payable monthly

    Many funds (CTA/CPO and HFs) take the 2 and 20 on a monthly basis, using the .16 factor. If you have a significantly positive year, taking all those fees in December will cause a big downward spike in account value, and possibly a big negative December. Clients do not want that for Xmas, they...
  3. K

    quick question on index option

    A true index option would settle in cash. A futures index option, like ER2 on the RUT, would settle into a Sept futures contract.
  4. K

    IB TWS Charts

    IB can never be all things to all people. I think some of these immature clowns will stop at nothing...until IB starts simply depositing cash into their accounts. Short of that, some people will never be happy, or even civil for that matter.
  5. K

    Starting hedge fund

    Need? Getting more funds has never been about "need." We didn't need the last 3000 or so that have arrived.
  6. K

    What's going on with the VIX Futures

    Check out the options forum...plenty of good threads there with various strategies for playing volatility.
  7. K

    What's going on with the VIX Futures

    The VIX futures do a very poor job of tracking the VIX. That's why no one trades them.
  8. K

    VIX in the 10's

    For sellers, it's a good time to get some cheap downside insurance. The Aug 1200P/1190P debit spread is going off at about 2.50 today. The vix keeps dropping because we can't get any downside movement. Every dip keeps getting bought so the fear is draining out.
  9. K

    Hedge Fund

    If it is a prop shop calling themselves a hedge fund, then you might.
  10. K

    Series 3 expiring 1.5 months, How to re-register again w/NFA

    Fortunately, I don't have any experience with arbitration. Were you filing directly with the broker?
  11. K

    I closed my IB account

    I run TWS 847 on my Commodore 64.
  12. K

    Series 3 expiring 1.5 months, How to re-register again w/NFA

    I have dealt with the NFA for years and they have always been outstanding in terms of responsiveness. Their interaction with me and most others I have spoken to has always been friendly and never in a way that is typical of a regulatory authority. It sounds like you are down to two choices...
  13. K

    Ace Investment Strategists?

    1st post. Most likely SPAM. There was another "newbie" who posted a question in trading a few days ago asking about the guy who runs ACE and wanting "info". FUnny we hear nothing about them for years, then two back to back. Looks like a spamming effort.
  14. K

    buying vs selling statistics?

    This really cannot be calculated with any degree of certainty. For instance some of those who finished ITM short may have been huge winners - if they were hedging the underlying and wanted to be called away, etc... It is impossible to know the context of each position as it is sold/bought...
  15. K

    Series 3 expiring 1.5 months, How to re-register again w/NFA

    Call the NFA. They are very helpful.
  16. K

    Congratulation Bob Bright ....

    Rotter was on the list, 30-40M I think. There are 100 people on the list. If you think someone made more, check the list. If they didn't make it, write the magazine.
  17. K

    IB charge "debt interest" - what is it?

    I figured mine out. Actually my accountant wrote me after I told her I was inquiring and told me that I had missed something very basic. The interest from the 3rd WAS STILL THERE in the account. The transaction on the 8th was to adjust that amount, so I wound up getting a slight addition. If...
  18. K

    Anyone heard of UD Chang?

    He runs a fund called "ACE Investments Strategists". (The "s" on both words in the title is not grammatically correct, but that's the way it's listed!) From what I've heard, he has an Asian radio show out of Chicago? and his fund is based in VA I think. Check IASG.com, autumngold.com or...
  19. K

    IB charge "debt interest" - what is it?

    I will have to email the helpdesk as well. My interest was a credit, not debit but was still reduced 75% from the prior month. Either some formulas changed, it's a bug or I'm missing something.
  20. K

    ansbacher

    I also suspect some vix 50 periods will cull the herd. Anyone not hedged properly or failing to exert the appropriate level of discipline in that environment while selling naked will be taken out tits up.
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