Sabena is of course correct. Forex along with global fixed income markets are the primary source of liquidity for funds, although the volatility of stock index futures certainly provides opportunity. But on balance Tudor Jones, Trout, Kovner ect. made the bulk of their money in Treasuries and or Forex. Don't completely write off equities though. Stocks still trade at higher vols then most anything else, and a talented trader can sacrifice short term liquidity concerns with the advantage of using capital to "goose" a company with i.e. a large short interest. You may be able to support your position in a lot of stocks, try doing that in $-Yen.
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Starting a Hedge Fund
- Thread starter ktm
- Start date
To give an idea of the liquidity in the Forex
market, I had a call with a guy on the Forex
trading desk of Lind-Waldock and he told me
that an order of 1000 lots = 10 million dollars
is executed in seconds.
They have over 2 billion dollars of netting
lines with 50 of the major trading banks
in the world giving them the best liquidity
for their risk.
Minimum account size is 50000,-$.
I have no deal with these guys !
market, I had a call with a guy on the Forex
trading desk of Lind-Waldock and he told me
that an order of 1000 lots = 10 million dollars
is executed in seconds.
They have over 2 billion dollars of netting
lines with 50 of the major trading banks
in the world giving them the best liquidity
for their risk.
Minimum account size is 50000,-$.
I have no deal with these guys !
Sabena: Lind is safe and secure. Full clearing member of CME and CBOT. They've been doing spot for about 5 years now. Would highly recommend them in lieu of any of these new fangled Forex firms that I get e-mails from every other day. I can lose my own money easy enough without some firm going bust on me.
I will agree that Forex and Futures are a very different
market in terms of scope and sizing than equities. My
comments were only targeted at hedge funds that
trade stocks.
I will note that most hedge funds that trade currency are
well over $1B in size.
- Greg
market in terms of scope and sizing than equities. My
comments were only targeted at hedge funds that
trade stocks.
I will note that most hedge funds that trade currency are
well over $1B in size.
- Greg
I thought somebody might be interested:
WHAT? TheStreet.comâs Advanced Disciplines & Strategies for
Running Hedge Funds
WHEN? May 2-4, 2002
WHERE? The Doral Golf Resort & Spa â Miami, FL
http://www.thestreet.com/tsc/conference_hedgefundmiami.html
it seems a bit much to me, but I guess if you're interested in starting a hedge fund, then this would be good.
disclaimer: I don't work for Thestreet.com, have a hedge fund, actively promote the site, or care if anybody goes...but I did sleep at a Holiday Inn last night.
WHAT? TheStreet.comâs Advanced Disciplines & Strategies for
Running Hedge Funds
WHEN? May 2-4, 2002
WHERE? The Doral Golf Resort & Spa â Miami, FL
http://www.thestreet.com/tsc/conference_hedgefundmiami.html
it seems a bit much to me, but I guess if you're interested in starting a hedge fund, then this would be good.
disclaimer: I don't work for Thestreet.com, have a hedge fund, actively promote the site, or care if anybody goes...but I did sleep at a Holiday Inn last night.