Start a Hedge Fund for 30k (Serious)

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TraderSV

Looking for buyer to accquire a Wall Street HF firm.
It was incorporated in Delaware in March 2017
It also comes with two brokerage(IB and TD) and bank account with full global margin trading privileges and a Wall Street Address.
All the tax returns like the Form 5472 are filed. And from 1st January 2018 the LLC made an election with the IRS to be taxed as C-Corp to simplify the owner's tax return(me).
It also had regulatory clearances from the NFA, filed an exemption for a CPO fund(Costs 60-70k to get it done properly) to raise funds and comes with lists of HNI investors and Institutional Fund seeders and investors.
Also can form a fresh entity and get the same setup, if you want can get even older firm like 5-6 year old companies, all clean even without an existing EIN.
Also comes with a platform to demonstrate performance and get capital allocation from investors.
International buyer also invited.
Running cost - $1000 p.a.

Asking Price $30000.
Previously sold one, buyer is very happy.
ONLY COMPETENT BUYER RESPOND
 
TraderSV said:
Looking for buyer to accquire a Wall Street HF firm.
It was incorporated in Delaware in March 2017
It also comes with two brokerage(IB and TD) and bank account with full global margin trading privileges and a Wall Street Address.
All the tax returns like the Form 5472 are filed. And from 1st January 2018 the LLC made an election with the IRS to be taxed as C-Corp to simplify the owner's tax return(me).
It also had regulatory clearances from the NFA, filed an exemption for a CPO fund(Costs 60-70k to get it done properly) to raise funds and comes with lists of HNI investors and Institutional Fund seeders and investors.
Also can form a fresh entity and get the same setup, if you want can get even older firm like 5-6 year old companies, all clean even without an existing EIN.
Also comes with a platform to demonstrate performance and get capital allocation from investors.
International buyer also invited.
Running cost - $1000 p.a.

Asking Price $30000.
Previously sold one, buyer is very happy.
ONLY COMPETENT BUYER RESPOND
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So you are selling the legal entity with paperwork completed. Not a bad idea.

Does it have any investors asset? Or just a paperwork shell?

Just curious
 
Years ago I queried the SEC about starting a hedge fund for myself.

They told me, "If you can't raise $50 Million quickly, the costs and regulatory requirements would likely make it a no-go".

FWIW...
 
Scataphagos said:
Years ago I queried the SEC about starting a hedge fund for myself.

They told me, "If you can't raise $50 Million quickly, the costs and regulatory requirements would likely make it a no-go".

FWIW...
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Why would the SEC comment on what the AUM would have to be to justify the costs?
 
speedo said:
Trading shells...hmm, interesting niche. Could well appeal to someone with a strong book.
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Buying this is a stupid idea.

You can set up your own hedgefund for <10k and if you want to start an institutional grade fund, you will need institutional grade lawyers and accountants (which I doubt this guy used).

Further, you take on all his hidden liabilities. What if, years ago, the fund employed a lady and sexually harassed her? Its your liability if she decides to sue now. What if the fund defrauded investors in the past? That's your liability too.
 
newwurldmn said:
Buying this is a stupid idea.

You can set up your own hedgefund for <10k and if you want to start an institutional grade fund, you will need institutional grade lawyers and accountants (which I doubt this guy used).

Further, you take on all his hidden liabilities. What if, years ago, the fund employed a lady and sexually harassed her? Its your liability if she decides to sue now. What if the fund defrauded investors in the past? That's your liability too.
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I have no personal interest in it. I've had entities set up but no knowledge of fund requirements.
 
Scataphagos said:
Years ago I queried the SEC about starting a hedge fund for myself.

They told me, "If you can't raise $50 Million quickly, the costs and regulatory requirements would likely make it a no-go".

FWIW...
More...

Dumbass capital management? Pls start one so there is more dumb money, which is becoming too scarce these days
 
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