Running money for HF?

F

ForceOfOne

Hey guys,

Taking a shot in the dark here. Anyone here know if my track record can get me a shot at running some more serious money?

In the past 5 years, ran a $100K account to $1M. Equities only. I use strategies that I wouldn't care to disclose even to potential employers or investors. However, could definitely show my trading record and should be clear that I have an edge - it's not blind luck or high risk, uninformed bets. I can trade my $1M, but I believe the strategy is scalable to $20M.

Does someone here know whether this is enough to get my hands on more $$$ to run or what I could do to get in front of the right people? I want to build up faster with less downside risk. I'm not interested in prop arrangements. I don't need the leverage mainly just don't want the downside risk.

4CE
 
You might want to ask someone at your brokerage about this; I've come across a number of brokerage reps who do capital introduction (or have the connections to do so), and they also have your trading record in hand so they have some idea of your capabilities.
 
Quote from ForceOfOne:

Hey guys,

Taking a shot in the dark here. Anyone here know if my track record can get me a shot at running some more serious money?

In the past 5 years, ran a $100K account to $1M. Equities only. I use strategies that I wouldn't care to disclose even to potential employers or investors. However, could definitely show my trading record and should be clear that I have an edge - it's not blind luck or high risk, uninformed bets. I can trade my $1M, but I believe the strategy is scalable to $20M.

Does someone here know whether this is enough to get my hands on more $$$ to run or what I could do to get in front of the right people? I want to build up faster with less downside risk. I'm not interested in prop arrangements. I don't need the leverage mainly just don't want the downside risk.

4CE
More...

No, not if scales to $20MM. They own your edge as soon as you start trading for them. Why take 10-20% on a sub-account if it only scales to $20MM? You're back where you started.

Take the $1MM to Bright and you'll get >$10MM overnight. You DO need the leverage, but you want someone else to take the risk.
 
Quote from ForceOfOne:

Hey guys,

Taking a shot in the dark here. Anyone here know if my track record can get me a shot at running some more serious money?

In the past 5 years, ran a $100K account to $1M. Equities only. I use strategies that I wouldn't care to disclose even to potential employers or investors. However, could definitely show my trading record and should be clear that I have an edge - it's not blind luck or high risk, uninformed bets. I can trade my $1M, but I believe the strategy is scalable to $20M.

Does someone here know whether this is enough to get my hands on more $$$ to run or what I could do to get in front of the right people? I want to build up faster with less downside risk. I'm not interested in prop arrangements. I don't need the leverage mainly just don't want the downside risk.

4CE
More...

Why not take this 1M to 10M in the next 5 years? No one to put pressure on you. Are your strategies viable in a bear market as well? The last 5 years we've been in a bull market and you don't want to get a hit when you're trading with 10 to 20 times more capital. You might adapt eventually but it's the reputation that's going to be on the line, not to mention the interference from investors whose money you would be trading.

Gringo
 
No one will give you money without understanding your strategy. Especially since the numbers are "too good" and the environment "unique" to the past.
 
Quote from ForceOfOne:

Hey guys,

Taking a shot in the dark here. Anyone here know if my track record can get me a shot at running some more serious money?

In the past 5 years, ran a $100K account to $1M. Equities only. I use strategies that I wouldn't care to disclose even to potential employers or investors. However, could definitely show my trading record and should be clear that I have an edge - it's not blind luck or high risk, uninformed bets. I can trade my $1M, but I believe the strategy is scalable to $20M.

Does someone here know whether this is enough to get my hands on more $$$ to run or what I could do to get in front of the right people? I want to build up faster with less downside risk. I'm not interested in prop arrangements. I don't need the leverage mainly just don't want the downside risk.

4CE
More...

I'm going to give you some tough love.

No. Forget about HF. Don't even mention the word HF - you don't belong. You couldn't even get a job at HF with that track record, let alone raise money and start your own.

Most HF right now only want to talk to guys who can manage 200M+, once in a while you find a few that'll take you if you can only manage 100M.

Hedge funds now are either huge (3bln+) or totally irrelevant. Investors don't want to take shots on small new guy. Not that kind of market.

Your only chance is friends and family. Maybe some prop. Also, finally, not to burst your bubble but 1M in 5 years is nothing. Not going to impress anyone.

Lastly, you did a great job. Keep it up. This current environment nobody gives a damn about you but if you keep it up then one day you'll have an audience. But not this environment and not $1M.

Don't even say "HF", that's a private club and 1M makes you a pauper.
 
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