Quote from quantsteve:
Sykes excuses for not managing money make no sense!
If he had such a hard time gathering assets, then why not run many separately managed accounts until he got his assets to a reasonable size to form a fund (assuming he can find enough non QIP morons to invest in him??).
Then, Sykes could be the investment manager of the managed accounts, which are in the client's name, but he has trading authority and gets to lay claim to the track record!
Geez Timmay, work it out.
Well, at the time when my track record was perfect and I was looking to really grow my fund, the two brokers I used to find all my hard-to-borrow shorts didn't offer the managed account option. They eventually changed, but by then, I was knee deep in CYGT.