How to establish formal track record?

[88888888]

MyDemaray is correct that you cannot register with the SEC with less then 25M but MUST register once you have 30M. In most cases, SEC registration precludes the need for state registration.


Does that mean, as a RIA, if you have more than 30M AUM and you have registered with SEC, in most case, you do NOT need to register with each States?

 

[zdreg]

http://finance.yahoo.com/retirement...e-and-copy-experts-trades?mod=retire-planning

 

[econometrics]

Quote from traderstatus:

A LLC that keeps strict separation of LLC activity from personal matters would be a good way to start. Then having a CPA firm audit you. If you can afford it, use someone like Arthur F. Bell, Jr. & Associates who is a leader in that sort of thing.

That's what I wanna do now. I wanna start a company and trades my and 2 friends' money and keep the track record.

Can someone advise how the company should be setup? Does it have to be formally set up as a fund ? or just a normal company without stating that it is a fund??

 

[econometrics]

http://www.iasg.com/iasg/ctas-and-funds

The funds that are listed there. There gotta be some equity funds, what setups are they? Are they just SEC-registered or what? I wanna set up something like that, pls advise how to. thanks.

 

[88888888]

I guest most of them may be pools/CPO.

http://www.iasg.com

There are some CTA programs which have EXTREMELT good performance.

I understand that CPO performances normally need to be audited.

How about CTA program? If there is no audit for CTA program, how do you trust such performance report on http://www.iasg.com ?

 

[R1234]

Quote from 88888888:

I guest most of them may be pools/CPO.

http://www.iasg.com

There are some CTA programs which have EXTREMELT good performance.

I understand that CPO performances normally need to be audited.

How about CTA program? If there is no audit for CTA program, how do you trust such performance report on http://www.iasg.com ?

If the CTA runs a fund then it needs to be audited and you can request to see the documentation. But if they are running a bunch of managed accounts, then it's harder to trust the numbers. Basically, unless they're a well known shop and running at least 100m you cannot trust published track record and need to ask to see statements, etc. Issues sometimes come up when you do so.

 

[SkepticTrader]

Quote from Samson77:

Start a trading BLOG !!!!

It's a timestamped electronic record.

This is a joke right? I've seen so much fraud from Bloggerville as most of the trades aren't placed with real money. Big difference between trading with real money at a real trading firm compared to making trading calls on some blog or trading forum.

 

[ambienCR]

Quote from zdreg:

http://finance.yahoo.etirement/arti...e-and-copy-experts-trades?mod=retire-planning

another covestor knock off. I am shocked NY times did a feature, must be a payola situation. really sad!

 

[R1234]

Quote from ambienCR:

another covestor knock off. I am shocked NY times did a feature, must be a payola situation. really sad!

It sure looks like a covestor wannabe. I don't understand how this new website arrives at the "genius" ratings.

 

[88888888]

Quote from sysre:

If the CTA runs a fund then it needs to be audited and you can request to see the documentation. But if they are running a bunch of managed accounts, then it's harder to trust the numbers. Basically, unless they're a well known shop and running at least 100m you cannot trust published track record and need to ask to see statements, etc. Issues sometimes come up when you do so.

As an investor, how do you ask for CTA statements (of his clients)?

If that are his clients statement, CTA can not show you that. Otherwise, he will violate his privacy police, unless he covers the true identifies of his clients shown on the statements. But if he does that, how do you trust such statements (without the name)?

Does any one have any experiences in this area? Please share. Thanks.