Managing Money...............?

Quote from retaildaytrader:

Ok then, since you, a nameless faceless alias, are ET's resident expert on managing other people's money then you go ahead and tell us how it is done.

The original question was can you get institutions to give you money to manage. I believe the answer is common sense and you dont have to have any money management experience to figure this one out. That answer being that you can get anyone to give you money, but first you have to know people and those people need to trust you. I highly doubt he could simply walk into the HQ of a large bank, coldcall&pitch and then be given some money to play with especially after the Madoff incident. I believe you need to have a significant and established relationship with the large bank first.

Can you tell me where my assertion is baseless and wrong or are you into just throwing out two-bit insults? I believe by throwing out a two-bit insult you simply make yourself look LESS CREDIBLE. Anyone can tell someone else that they do not know what they are talking about, but most cannot give reasons and explain as to why.

On every topic you have ever posted, it has been consistently pointed out that you are a retard that speaks out of his ass just for the sake of attention. You don't know what you are talking about. Period. It's not even an insult at this point, it's a fact. By pointing this out, hopefully more of the newer members start to recognize you for what you are, an entertaining joke.

I have stated enough in this thread. You have no idea how institutions operate and how they decide and give allocations. It is actually done by submitting your marketing materials to their coverage staff, who then submit to their Managing Directors after doing an initial call if they are interested. A lot of this is actually done by cold leads, phone calls and emails. Marketers are generally employed/contracted to do this. At that point it's simply a matter of substance, the background of the manager, performance numbers, the strategy, etc. The biggest barrier toward getting access to institutions is AUM and years of documented performance. Along with that are the costs behind proper counsel, administrator & auditors.

No matter your connections, there is a lot of red tape at institutions with constantly tightening regulations. Obviously there is a degree of variation, especially depending on the size of the institution.
Connections & hookups & knowing people actually matter a lot more with individual investors, venture funds, PE firms and investor groups.
 
Now then...

Let's get this point clear....a person can trade on another person's account (LPOA) for a performance fee and does NOT require any formal licences (CTA)...

Have I got that right?...regardless of the source of accounts...OR

Does this only apply when the individual GIVES the funds directly to you and the trader is responsible for the funds whether it be a sole account or a registered entity.

Anaconda...look forward to your comments or anybody else that does know...

NiN
 
Quote from Anaconda:

That's different from getting an actual investment into your own operation with lockup agreements. Those with real edges to protect won't do managed accounts because their trades & positions are exposed.

OUTSTANDING!!!!!! and so so so very true.:cool:
 
Quote from Now is Now:

Now then...

Let's get this point clear....a person can trade on another person's account (LPOA) for a performance fee and does NOT require any formal licences (CTA)...

Have I got that right?...regardless of the source of accounts...OR

Does this only apply when the individual GIVES the funds directly to you and the trader is responsible for the funds whether it be a sole account or a registered entity.

Anaconda...look forward to your comments or anybody else that does know...

NiN

Anybody have an answer?

Thanks



NiN
 
IN FX:

You can manage money up to 15 investors without any registration if I remember correctly.

The cost of managing a fund in an offshore location in Europe was (about 2 months ago) about 10/15000 US$ per month. That was covering the cost of Admin,Lawyers, Accounting etc....

If you take a 2% management fee, you would need at least 7/8 mio US$ AUM to breakeven.

To be honest with you.. most of the people now asking for transparency. I decided to outscource everything outside of trading, execution and research.

That give me the chance to concentrate on what I do best and to proove that I have nothing to hide.

As someone said earlier
Try to build up a LIVE track record as a start with your own money and take it up from there.

Trading as a business is not only making stellar return... there is alot of other things to take in consideration... It s a business like any other business.
 
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