Capital Available for Traders

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Quote from atticus:

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My bad. All RIA's usually have the ability to trade options but since this is an account "mirroring" service, much like Collective2, options trading poses a liability risk on fills. I don't blame them for not wanting to accept that risk. Quite frankly, I think options trading would be a disaster with covestor. Just my personal opinion.
 
Quote from Jack_Larkin:

This is the part I like most about it. The mixture of trading products.

If you have a viable strategy that works well, and can execute said strategy quite passively (few hours a week at most.) Then the extra juice managing money on the side is nice.

I don't see this as a program someone uses to get backed (like TST as you keep mentioning.) I also don't see this as a program someone wants to use if their strategy has scaling issues (if the optimal risk and position sizing is maxed out with an account of a few hundred thousand, you want that to be your money or have a very high interest in the returns from it.)

But.. if you have a few good investing strategies, and don't need to account for hours of screen time, then the extra kick on the side is great.

...

That said, I do agree with you on the not-so clear methods of funding. I'd like to see a more specific funding criteria than being atop a leader board.

Simply put, if people gotta be first to get funding, then they might get more risky doing so... and the last thing I'd want is a very stable and consistent strategy/trader being bumped out of funding by some gambler who's had a decent past few months.

Just a thought.
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No, see, here is the problem. When you talk like that nobody is ever going to want to invest in this model. I know you guys keep throwing the word retail around like it's a good thing but that word scares the hell out of institutional investors. It makes you sound amateurish. When you talk about getting an extra kick on the side, not with my money you're not. I would never invest with a hobbyist manager. That was my point earlier about the guy having an IT job on the side and managing money in his downtime. There are thousands upon thousands of money managers out there, some with outstanding pedigree and background, I honestly don't know what kind of serious investor is going to bypass that talent to invest with a guy who is part timing this for some "extra kick" in his income. I stand by my comments, this model is going to be near impossible to execute.
 
http://www.elitetrader.com/vb/showthread.php?threadid=234180

Quote from DAV:


<p><strong>Hedge Fund Capital Introduction Program</strong><br />
Interactive Brokers' Hedge Fund Capital Introduction Program serves as an electronic marketplace that provides a secure and cost-effective method for hedge funds and potential investors to connect... <a href="http://www.interactivebrokers.com/mkt/index.php?src=elite14&url=/ibview/1q2012.php">more</a></p>
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Perhaps a good stepping stone to ...

Q

http://www.interactivebrokers.com/e...s/hedge_fund_capital_introduction_program.htm

Hedge Fund Capital Introduction Program

Interactive Brokers' Hedge Fund Capital Introduction Program is an online version of a traditional Capital Introduction program and is designed to help Hedge Funds who use IB as their exclusive Prime Broker market their Funds to IB customers who are Accredited Investors and Qualified Purchasers.

IB’s Hedge Fund Capital Introduction Program is provided free of charge to all Hedge Funds who use IB as their exclusive Prime Broker and have at least $3 million in assets under management.

The Hedge Fund Capital Introduction Program page in Account Management provides the following functions:

Eligible Hedge Funds who use IB as their exclusive Prime Broker use this page to apply for participation in the program.

Once a Hedge Fund is accepted into the program, the Fund’s Investment Manager uses this page to perform administrative functions, including uploading new Fund documentation for potential investors, require minimum investment sizes, identify a Fund as open or closed to new investments, and add or remove Funds.

Each participating Hedge Fund account identifies at least one Third-Party Administrator, who functions as a second level of approval for investment and redemption requests. Third-Party Administrators for participating Funds use this page to approve investment and redemption requests, as well as review Fund documentation.

Who Can Access the Activity Downloads Page?

UQ
 
Quote from Maverick74:

No, see, here is the problem. When you talk like that nobody is ever going to want to invest in this model. I know you guys keep throwing the word retail around like it's a good thing but that word scares the hell out of institutional investors. It makes you sound amateurish. When you talk about getting an extra kick on the side, not with my money you're not. I would never invest with a hobbyist manager. That was my point earlier about the guy having an IT job on the side and managing money in his downtime. There are thousands upon thousands of money managers out there, some with outstanding pedigree and background, I honestly don't know what kind of serious investor is going to bypass that talent to invest with a guy who is part timing this for some "extra kick" in his income. I stand by my comments, this model is going to be near impossible to execute.
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Err.. don't lump me in with everyone else, I didn't use the word "retail" at all in the post of mine you quoted. I didn't read everyone else's posts that were bickering with you, I just responded to one aspect of a post you made. Just to be clear.

I understand what you're saying though, and I understand your point of view. I don't disagree with you, but I'm not agreeing either. I'm curious to see how this plays out and how well RAPA works in the long run.

After all, even if you don't think this business model can execute, RAPA has already attracted capital to invest in the concept itself.. as well as additional capital contingent on results. You're a trader, you should know before anyone else that willing suppliers meeting clear demand on the same terms makes a deal. So let's just see where this goes.
 
Quote from Jack_Larkin:

Err.. don't lump me in with everyone else, I didn't use the word "retail" at all in the post of mine you quoted. I didn't read everyone else's posts that were bickering with you, I just responded to one aspect of a post you made. Just to be clear.

I understand what you're saying though, and I understand your point of view. I don't disagree with you, but I'm not agreeing either. I'm curious to see how this plays out and how well RAPA works in the long run.

After all, even if you don't think this business model can execute, RAPA has already attracted capital to invest in the concept itself.. as well as additional capital contingent on results. You're a trader, you should know before anyone else that willing suppliers meeting clear demand on the same terms makes a deal. So let's just see where this goes.
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Agreed let's see where this goes...
 
Quote from Jack_Larkin:

Err.. don't lump me in with everyone else, I didn't use the word "retail" at all in the post of mine you quoted. I didn't read everyone else's posts that were bickering with you, I just responded to one aspect of a post you made. Just to be clear.

I understand what you're saying though, and I understand your point of view. I don't disagree with you, but I'm not agreeing either. I'm curious to see how this plays out and how well RAPA works in the long run.

After all, even if you don't think this business model can execute, RAPA has already attracted capital to invest in the concept itself.. as well as additional capital contingent on results. You're a trader, you should know before anyone else that willing suppliers meeting clear demand on the same terms makes a deal. So let's just see where this goes.
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Yes we are in this programme of capital allocation already through Gleneagle. We are allocating our own money and we have investors money that we invest on behalf of. As mentioned before Gleneagle currently has around $30m as seed capital with early stage managers, my belief is through RAPA we can access emerging stars. Either money will come from Gleneagle's existing managers who are not performing, or we will attract new capital.
 
Quote from Maverick74:

Patak is for the swinger, the aggressive trader. Hell, he can afford to have 80% drawdowns. ... He could also lose half of that in a bad month or two. Patak is for traders by traders.
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Not true. You lose 2% and you are so fast back in the Combine, you don't even notice. You don't really get a 100K account, you are basicly playing with the allowed max. DD....

RAPA hasn't stated so far what would be the DD% where they would stop backing the trader and pull the funds. It would be interesting to know....

And they are similar models, they both help to meet talent with investors, that's about it. Also, you didn't address the either too big or too small profit share issue...

Now somebody above said why wouldn't a trader want a little extra money even if it is only 10%? Well, because beside scaling issues, the bigger account also affects the psyche. Thus the trader can be comfortable trading amount X, but not amount 2-3X. And if the bigger size has a negative effect on his results, that 10% extra might not make it worthy....
 
Quote from mickson:

Yes we are in this programme of capital allocation already through Gleneagle. We are allocating our own money and we have investors money that we invest on behalf of. As mentioned before Gleneagle currently has around $30m as seed capital with early stage managers, my belief is through RAPA we can access emerging stars. Either money will come from Gleneagle's existing managers who are not performing, or we will attract new capital.
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what has the performance been thus far in the real market with the $30million allocation? Were these managers sourced from the RAPA model?

surf
 
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