Starting a fund / raising capital

doublet83 said:
YTD up 1.5mm, representing a 139% return. Overall another excellent year so far, although these returns are unlikely to be sustained.

October was a relatively difficult month, down 0.7%, and the first down month in a year and a half.

Screenshot represents the main account only.
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How things going lately? Still going strong?
 
Ended 2013 up 179%. This year up 10% so far. My short term strategy which was 15% of profits last year is struggling this year, and is unprofitable. However my long term strategy is still doing very well in a much tougher environment. I have a lot of exposure to growth oriented names which benefited quite a bit in the past several years, but was a headwind this year.
 
doublet83 said:
Ended 2013 up 179%. This year up 10% so far. My short term strategy which was 15% of profits last year is struggling this year, and is unprofitable. However my long term strategy is still doing very well in a much tougher environment. I have a lot of exposure to growth oriented names which benefited quite a bit in the past several years, but was a headwind this year.
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If you have audited results of this I would be interested in speaking with you.

Thanks
 
If you have a proposal you can PM me.

These results are unaudited but I will get them audited if there are reasons to justify it.

Right now, most of the money is my own capital. I do manage some friends and family money for no charge under a managed account structure.

I have come to the conclusion that trying to raise institutional capital or angel investor capital would be very difficult given my lack scale and lack of connections. For now I am content to continue managing my own capital and perhaps growing the OPM side slowly through referrals.
 
doublet83 said:
If you have a proposal you can PM me.

These results are unaudited but I will get them audited if there are reasons to justify it.

Right now, most of the money is my own capital. I do manage some friends and family money for no charge under a managed account structure.

I have come to the conclusion that trying to raise institutional capital or angel investor capital would be very difficult given my lack scale and lack of connections. For now I am content to continue managing my own capital and perhaps growing the OPM side slowly through referrals.
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I work for a hedge fund in Scottsdale and we allocate capital to the right emerging managers. If you are interested in chatting let me know and I will PM you my email and information.
 
Spent over 4 hours going through this I have to admit I have learnt a lot. A big thank you to Double for starting the thread and I hope your trading is still going strong.
I was contemplating starting a fund of my own but from my readings here it seems I will be best served by continuing to build my track record, based on my circumstances.

Great info from all the posters.
 
You can start your hedge fund out as an incubator fund , then go into a full hedge fund. That basically gives you time to work on your track record and study and take any exams. Obtain necessary regulatory registrations
 
doublet83
Im not sure if I can PM you...I have a trading system that averages 5% a week...I don't have the money to trade it so I have no recorded track record...See if its possible to PM me...I would like to talk to you about a business arrangement
mike
 
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