Raise capital for algorithmic trading?

PoundTheRock said:
Two Sigma has a program for managing external capital, but it's a process. If you already have at least six months of backtesting results, that's a start. First, you have to pass a fairly rigorous interview, but then if they can validate your results as acceptable, you may proceed to a live test round. DM me if you're interested or need a contact.

Regards,

PTR
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This is algorithmic trading, it should be expected to run and calculate it's performance on historical data. What other "backtesting results" are needed? I am sure the potential serious clients like fund managers would want to know more algorithm itself than it's past 6 months results.
 
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gkishot said:
This is algorithmic trading, it should be expected to run and calculate it's performance on historical data. What other "backtesting results" are needed? I am sure the potential serious clients like fund managers would want to know more algorithm itself than it's past 6 months results.
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Usually, they want to steal the algorithm:finger:..If you find any profitable pattern, please keep it a secret. Do not tell them any hard rules or causation that you discover.
 
If you are good at trading, just get loans from friends & family and pay them interest (something around 6-7% is reasonable).

Don't ever try to profit split or manage money, it is a pain in the ass to deal with clients and you will make less than trading for yourself unless you can raise like 10MM+ (good luck without an extensive track record). You could even get in trouble for running an unregulated fund depending where you live.
 
globalarbtrader said:
Dear God no....

GAT
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Lol. Congrats on all the likes for this post, but I suspect many of them are from unprofitable traders.

Some of us run sharpe ratios in the 5+ or even 10+ range. This is algorithmic trading we're talking about here. For those with a strong edge, loans are highly recommended as it is win win for all involved and much simpler than any kind of money management set up.
 
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