There are multiple ways to raise money from HNW.
Sometimes you sell the sizzle and say this is proprietary.
The higher your profile the easier that sell is.
or..
Little guys better have all their ducks in a row and the right lawyer and the right accountants.
The right address the right sales pitch and supporting materials, (hopefully track record or great story) and perhaps most importantly the finders fee for the guys who bring the money guys in.
I seriously doubt any hedge funds really explain their true trading methodology as part of the due diligence disclosures. I know for a fact some hedge fund owners... purposely put out misinformation about their methodology and then include a clause in the paperwork saying they can adjust their methodology to market conditions.
Nevertheless I am skeptical about Karen the supertrader.
I am not sure there are any supertraders. Just people who trade on inside info or find temporary edges and exploit the hell out of them for a while or develop a slight edge due to intelligence and experience.
Sometimes you sell the sizzle and say this is proprietary.
The higher your profile the easier that sell is.
or..
Little guys better have all their ducks in a row and the right lawyer and the right accountants.
The right address the right sales pitch and supporting materials, (hopefully track record or great story) and perhaps most importantly the finders fee for the guys who bring the money guys in.
I seriously doubt any hedge funds really explain their true trading methodology as part of the due diligence disclosures. I know for a fact some hedge fund owners... purposely put out misinformation about their methodology and then include a clause in the paperwork saying they can adjust their methodology to market conditions.
Nevertheless I am skeptical about Karen the supertrader.
I am not sure there are any supertraders. Just people who trade on inside info or find temporary edges and exploit the hell out of them for a while or develop a slight edge due to intelligence and experience.
