Hedge fund for sale

  • Thread starter Thread starter TraderSV
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TraderSV said:
Looking for buyer to accquire a Wall Street HF firm.
It was incorporated in Delaware in March 2017
It also comes with two brokerage(IB and TD) and bank account with full global margin trading privileges and a Wall Street Address...
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If you could not make it work, structured the way it is, why would you think someone else would want to take it on?

Odd one here.

 
TraderSV said:
Looking for buyer to accquire a Wall Street HF firm.
It was incorporated in Delaware in March 2017
It also comes with two brokerage(IB and TD) and bank account with full global margin trading privileges and a Wall Street Address.
All the tax returns like the Form 5472 are filed. And from 1st January 2018 the LLC made an election with the IRS to be taxed as C-Corp to simplify the owner's tax return(me).
It also had regulatory clearances from the NFA, filed an exemption for a CPO fund(Costs 60-70k to get it done properly) to raise funds and comes with lists of HNI investors and Institutional Fund seeders and investors.

Also comes with a platform to demonstrate performance and get capital allocation from investors.
International buyer also invited.
Running cost - $1000 p.a.

Asking Price $30000.

ONLY COMPETENT BUYER RESPOND
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Why are you selling this hedge fund? And only selling for $30K? What do we get for $30K? Any of us can establish trading accounts for free at any brokerages. Why should we pay $30K for 2 brokerage accounts? LOL And it didn't even have any clients, just a "structure"? So we pay $30K for 2 empty brokerage accounts and a bank account that may or may not have any money in it and with 0 clients just a "structure"? And what is with this "HAD regulatory approval"? Why isn't it active now?

The trolls on ET is getting more and more entertaining with each new post.
 
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JSOP said:
Why are you selling this hedge fund? And only selling for $30K? What do we get for $30K? Any of us can establish trading accounts for free at any brokerages. Why should we pay $30K for 2 brokerage accounts? LOL And it didn't even have any clients, just a "structure"? So we pay $30K for 2 empty brokerage accounts and a bank account that may or may not have any money in it and with 0 clients just a "structure"? And what is with this "HAD regulatory approval"? Why isn't it active now?
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A hedge fund is usually a complex legal structure that has all sorts of entities and moving parts. When done properly, it costs upwards of 50k just to set up with a white-shoe law firm (and investors do look at who your law firm is, your admin, your primes etc).

It's hard to say what is the actual value of the entity the OP is offering but it could easily be 30 grand. On the other hand, it's unclear why he's selling and what the setup details are (the fact that he went with IB and TD for primes is alarming, for example). It's also alarming that the OP would decide to advertise on an internet forum, which would mean he has no connections in the industry.
 
sle said:
A hedge fund is usually a complex legal structure that has all sorts of entities and moving parts. When done properly, it costs upwards of 50k just to set up with a white-shoe law firm (and investors do look at who your law firm is, your admin, your primes etc).

It's hard to say what is the actual value of the entity the OP is offering but it could easily be 30 grand. On the other hand, it's unclear why he's selling and what the setup details are (the fact that he went with IB and TD for primes is alarming, for example). It's also alarming that the OP would decide to advertise on an internet forum, which would mean he has no connections in the industry.
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And also that it HAD regulatory approval and it's not active anymore and the fact that it's an LLC and not LTD. also means we would have no idea what we are getting into in terms of liabilities. On the most part, it's just a troll post but it does make an entertaining read.
 
Biggest value comes from possessing the PPM and Offering documents and agreements; definitely need a lawyer to create documents that all coordinate together for the entity. To me, that's where I see the value.
 
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