how to get short-term capital like $20M for 1 month?

2012: I earn $0.5M from 5M PnL (10% commission, $20M capital from my hedge fund partner)

2013: I earn $1M from 10M PnL (10% commission, $20M capital from my hedge fund partner)

2014: I hope to find some investor to get $20M for one month at a cost of $2M, then I can make $8M instead of $1M assuming I can still make $10M PnL.

Is it that difficult to understand?

drownpruf said:
ok. In 2012 you made something less than $500k and in 2013 you earned $10MM, ostensibly at the short term cap gains rate on equities. You should have a bit over six mil left. Kudos on the outsized return. You earn 10% on what you kill and your fund grossed $100MM which is very impressive.

I would think that your backer would not thing twice about lending you the capital, considering the fact that you earned them 90MM net.

No hard money lender is going to have any experience in funding some auction bid... you cannot collateralize what you do not own. Hard money lenders have a lien on real property.

Your earnings history is immaterial to the deal, unless you are pledging assets.

Of course none of us believe a word you state, but have fun trolling.
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Thanks for the info. So I agree that I should not look for hard money lender any more.

Instead, I should set up a hedge fund myself. But I am wondering the impact of the special capital usage pattern (2M in 11 months while 20M in one month) .

Any one knows good forum for hedge fund newbies? Can I do it myself (with help from professionals of course) or need to find a partner with MBA degree?

drownpruf said:
ok. In 2012 you made something less than $500k and in 2013 you earned $10MM, ostensibly at the short term cap gains rate on equities. You should have a bit over six mil left. Kudos on the outsized return. You earn 10% on what you kill and your fund grossed $100MM which is very impressive.

I would think that your backer would not thing twice about lending you the capital, considering the fact that you earned them 90MM net.

No hard money lender is going to have any experience in funding some auction bid... you cannot collateralize what you do not own. Hard money lenders have a lien on real property.

Your earnings history is immaterial to the deal, unless you are pledging assets.

Of course none of us believe a word you state, but have fun trolling.
More...
 
jason.miller.1968 said:
2012: I earn $0.5M from 5M PnL (10% commission, $20M capital from my hedge fund partner)

2013: I earn $1M from 10M PnL (10% commission, $20M capital from my hedge fund partner)

2014: I hope to find some investor to get $20M for one month at a cost of $2M, then I can make $8M instead of $1M assuming I can still make $10M PnL.

Is it that difficult to understand?
More...


Yeah, it is.

It appears that you want to take a flier on some expiration-trade (short vola). Let's treat it on the merits (none). Nobody is going to give you $20MM unsecured.

So you're going to earn $10MM on a 30-day term. First you stated you were going to bid on an auction, now it doesn't matter when, but how. Jason, you really need to stop here as all of this is now of public record. You're doing yourself more harm than good.
 
jason.miller.1968 said:
I am not trading equity/options at all.

My PnL is almost even throughout the year. Capital usage pattern does not equal to PnL pattern.

All my daily trade history is public due to the regulation, and everyone include you can check them at the website http:// with my name Miller.

Can you explain why my hedge fund partner can get $20MM without any collateral?
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jasonmiller.com?

You deleted your last. Why is that?
 
Let's assume it's all true:

Your ignorance of the business you are in is astounding.

You are going to seek capital to run risk 10x larger than you are used to.

Moreover you think said investor will take a 10percent return (if it all works out) and all the downside. 10 seconds of due dilligence and they will realize they can invest with your friend and get 80percent of the upside and have much less operational and audit risk.
 
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