How much would you pay?

[Turveyd]

I do 25% per week, actually in a few hours so £0.00 for me!!!

I'd need 100K GBP to barely make a full time living at 15%. I'm kinda 98K short of that.

 

[dextor]

Isn't this revealing their strategies? Why would a trader want to reveal their strategy only to risk having the someone stealing it?

#2 requires a lot more information about you and your strategy etc. I have been involved with backing traders and allocating toward hedge funds/CTAs and raising money for both. This is not a simple question that can be answered this way. It starts with a bio, breakdown of monthly returns from your strategy (real trading and verifiable), description of your strategy, how you manage risk and trade allocation. With this basic information presented in a professional manner, an investor or allocator can decide if they want to follow up with a conversation. That conversation might or might or might not turn into a request for more details such a daily P/L, who is your back up, what service providers will you use etc.

It is a process. I talk to and email with a lot of traders that make money and want to move into managing money for others. 90% do not take the time to put together a proper package to sell themselves and never move into that space.

Bob

 

[Robert Morse]

Isn't this revealing their strategies? Why would a trader want to reveal their strategy only to risk having the someone stealing it?

Basic detail not the data set or values that make it unique. No one will invest or put up money without know what they are risking their money on.

 

[dextor]

I reckon when they request for trading statements / P&L statements, you will mask off some details. But how does one get audited without revealing the trades and statements?

Basic detail not the data set or values that make it unique. No one will invest or put up money without know what they are risking their money on.

 

[Robert Morse]

Pay a CPA.

 

[VolAlgo1]

You are now asking two questions.

1. What would you pay a trader/manager to net, before paying the trader/manager, based on an expectation of a 25% profit?
2. Would you hire/allocated toward you with that expectation and the only other information being a max DD of 20%?

I responded to #1.

#2 requires a lot more information about you and your strategy etc. I have been involved with backing traders and allocating toward hedge funds/CTAs and raising money for both. This is not a simple question that can be answered this way. It starts with a bio, breakdown of monthly returns from your strategy (real trading and verifiable), description of your strategy, how you manage risk and trade allocation. With this basic information presented in a professional manner, an investor or allocator can decide if they want to follow up with a conversation. That conversation might or might or might not turn into a request for more details such a daily P/L, who is your back up, what service providers will you use etc.

It is a process. I talk to and email with a lot of traders that make money and want to move into managing money for others. 90% do not take the time to put together a proper package to sell themselves and never move into that space.

Bob

Sorry Bob, I was not talking about myself at all.I would never do that here, of all places lol.It was purely hypothetical.

 

[VolAlgo1]

Following Bernie Maddof, this return is twice as high as Maddof!

Not saying that the 25% is guaranteed.Just saying that from previous peformance that would be a good ballpark figure.No PL can ever be guaranteed.

 

[Scataphagos]

No investor with any common sense would risk trusting someone to manage his money until the manager has a proven track record. That is, "long enough resuts with big enough money". That includes independent audits.

I have personal experience here. Trust me on this.

 

[Robert Morse]

No investor with any common sense would risk trusting someone to manage his money until the manager has a proven track record. That is, "long enough resuts with big enough money". That includes independent audits.

I have personal experience here. Trust me on this.

In my experiance, individual investors will accept a verifiable track record backed by monthly statements. Any allocator that is a fiduciary for others (Fund of fund, family office, etc) , will require a longer track record and an independent audit. The exception would be funds that focus on seed capital for a part ownership in the GP. They have a more entrepreneurial process and some will look at just back testing if the trader has a unique data set or process that fills a bucket they are looking to invest in.

Bob

 

[tommcginnis]

It is a process. I talk to and email with a lot of traders that make money and want to move into managing money for others. 90% do not take the time to put together a proper package to sell themselves and never move into that space.

"Word." And it can easily impact/degrade both your trading and your development.