Finding investors to start a hedge fund

[dartmus]

Don't be jealous, just do it yourself.

1. No, i become a partner in the funds and participate pari passu with the investors/ funds profits

2. No, several hedgies and investors were impressed with my insight and thst got the ball rolling.

3. Wtf? im educated as a lawyer, but never heard of this regulation.

If I understand correctly you're saying for every investment dollar a fund receives as a result of your effort to direct investors to any specific fund ...then thru some agreement you enter into with the fund, ...you're able to participate in the fee the fund collects, from the profits it's able to generate, but only on the total dollars your associates invest. Is that correct?

 

[debitspread]

If I understand correctly you're saying for every investment dollar a fund receives as a result of your effort to direct investors to any specific fund ...then thru some agreement you enter into with the fund, ...you're able to participate in the fee the fund collects, from the profits it's able to generate, but only on the total dollars your associates invest. Is that correct?

Why are his specific business arrangements of any interest to you? Go build your own business. As he says, 'Don't be jealous, just do it yourself.'

 

[Sig]

I have raised nearly $100 million for a variety of funds and projects via what i suggest.

Im far from wealthy but do ok in this business and am able to do what i want whenever i want.

Over 35% of this has come from elite trader contacts-- so, yes, i agree with you some extraordinary succesful folks read andpost on elite. I know a few personally. FYI--if you knew who "surfs" fans are on here, u might be surprised.

Yes, for every phony i expose on here who "hates" me -- multiple like what i write. I am only rude to those who deserve it.

Yes, the results have been beyond what i ever expected from my humble start.

Peace,

surf

Not trying to rip on you but I am very curious how you were able to raise that amount without being licensed (I assume you're working out of the U.S.)? You mentioned you were trained as an attorney so I presume you've thought through it, are you able to share how this is possible? Although the OP was talking offshore, there are significant requirements to raising funds legally from U.S. citizens that haven't been addressed here and could land a person in jail or with a significant fine, so its probably worth mentioning and any tips you have to stay on the right side of those laws would be helpful. Thanks in advance.

 

[i am nobody]

Not trying to rip on you but I am very curious how you were able to raise that amount without being licensed (I assume you're working out of the U.S.)? You mentioned you were trained as an attorney so I presume you've thought through it, are you able to share how this is possible? Although the OP was talking offshore, there are significant requirements to raising funds legally from U.S. citizens that haven't been addressed here and could land a person in jail or with a significant fine, so its probably worth mentioning and any tips you have to stay on the right side of those laws would be helpful. Thanks in advance.

http://www.nasaa.org/industry-resou...ent-adviser-registration-information/florida/

Should I add this too?
http://www.dc.state.fl.us/facilities/region2/205.html

 

[Sig]

http://www.nasaa.org/industry-resou...ent-adviser-registration-information/florida/

The state requirements, which this is, are usually pretty easy. The FINRA licensing requirements are tougher. It doesn't appear that marketsurfer is registered with FINRA (unless he's a different person than I think he is), so I was wondering how he got around that.

 

[marketsurfer]

Not trying to rip on you but I am very curious how you were able to raise that amount without being licensed (I assume you're working out of the U.S.)? You mentioned you were trained as an attorney so I presume you've thought through it, are you able to share how this is possible? Although the OP was talking offshore, there are significant requirements to raising funds legally from U.S. citizens that haven't been addressed here and could land a person in jail or with a significant fine, so its probably worth mentioning and any tips you have to stay on the right side of those laws would be helpful. Thanks in advance.

Thats a good question.

I am a partner/owner in the funds I raise capital for. There is no licensing requirements to raise capital as an owner/partner. surf

 

[Sig]

Thats a good question.

I am a partner/owner in the funds I raise capital for. There is no licensing requirements to raise capital as an owner/partner. surf

Got it. It's a funny exception to the requirement, but I am familiar with it.

 

[i am nobody]

You can also start a hedge fund in Malta with 25k and register it in Luxembourg under another fund ( fund of funds). As for size and making a living I think it depends on your performance, aum, and where you live. Example: managing $1million with a 20% performance and taking 25% fees from the profits (50k) while living in Bali or chiangmai Is a very good deal. you live like a king and you won't be able to spend half that money.

Malta is a great place to domicile. The Commino Platform offers the best and most secure deal-- PM me if anyone is nterested.

I asked somebody else (to keep my anonymity) to call Commino Platform. Their story is completely different from what is suggested by classiccharts17 and Marketsurfer.
To start a hedge fund they ask a minimum of 1 MILLION, not 25K. Which is for most people here a "substantial" difference I think.
And secondly there are fees to be paid, that leads to the logical conclusion that there will not be 50K to live from. It is even not sure that the 50K will be enough to pay all the expenses. Start up would cost already 15K at minimum, they told.

So the "quickly open a small account with almost no expenses in Malta" has nothing to see with reality.

 

[alexstox]

Start with your own money (size does not matter). Build a track record, and by time people will get to know you. Family, friends will eventually join if you are doing well (+20% a year is more than enough). During the first few years, give free tips to friend and family about the markets if they are interested.

These are the best years in your trading career, enjoy it, the moment you start with the hedge fund and managing other people's money all the fun is gone. Administrative and legal stuff, expectations and answering questions from your clients, tax, sending monthly reports.

If you just love trading, focus on your own money. Anyone who wants to join...keep it simple and informal. Thats what worked for me. Find out what works for you.

In emerging countries it's hard to follow your advise in attracting money. My strategy raises only 2-6% a moth. I trade on simulated account. The problem is even if I open 1000$ account and trade on it like "real" money, do you really think this will attract investors?! For example in Ukraine hard to make anybody interested even in 30% return strategy, because you can raise more in business with 100%-200%+ return. What you can advise me?

 

[alexstox]

I think every trader, definitely new traders dream about becoming a large hedge fund.
Me to, but now i want a large account for myself, just trade my own money, nothing else to worry about, nobody calling you because you have a DD etc.

If you seriously want people to invest in you then make sure you can provide a track record, i would say of at least 12 months, if you want large investors this wont be enough.
And don't show a track record of a 10K account. You cant expect investors with millions to invest to take you serious if you only traded a 10K account.
And don't go for the magic huge returns, instead make sure you get a nice steady return with a very low DD.

But where to raise more than 10K funds?! That is the question =)