How to start a Mutual Fund?

[Nifty]

Would anyone with any experience on how to start up a mutual fund please shed some light on this endeavor? Thanks in advance for your generous insights.

 

[Gene Weissman]

Just a note. Read the thread on Hedge funds and multiply by a factor of 10. Unless your name is Jeff Vinik,Peter Kellogg or maybe Don or Bob Bright, I do not think this is an area you should pursue. High risk, low reward , millions needed for marketing. If the bear market continues, look for mutual fund companies to merge or fold. Starting a hedge fund would be a much better bang for the buck.


Gene Weissman
Lieber & Weissman Sec., L.L.C.
gweissman@stocktrade.net

 

[freehouse]

You would probably need to register with the SEC as a registered investment advisor.

 

[metooxx]

$500,000 in professional fees, $5,000,000 to $10,000,000 to market, $1,000,000 for first year operational expenses; I worked on the idea in the late 80s, we were a syndicator and had the infra-structure then, we passed on the idea, mistake on my part. Looks less appealing now, but I was wrong before.