Starting a small Hedge Fund??

I think what he meant was he would not use such bulk with real money. So when he loads up on one position he feels is good, the subscriber would adjust for 2-3% of his capital. While he may go 50-60%? I think that is what he said. If he is real good he can achieve some sort of wild returns like that, but of course with real money these strategies can blow an account in a trade or two. If you are a doofus you can end up owing money. Are you tracked by any third party verification sites like collective2?(question for budfoxx)p-
 
Quote from BudFoxx:


the performance is just cumulative.. so those performance stats could be misleading to someone who is clueless.
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By 'just cumulative' you mean

+50%
-50%
-100%
+50%
+200%

equals +150% ?
 
Quote from syrre:

I don't know this setup, but it sure sounds like a Cell Phone Subscription :)
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Really simple setup that allows for management of F&F capital without the need for registration in most states.

IMO, if you do that you might as well take a week, study for the 65 and register in your state. Most states will then not care how many clients you have, and you can set up an advisory account with IB instead. More freedom this way. The series 65, 7, etc.. tests are a cakewalk too.
 
Quote from nravo:

Sulllivan Cromwell will cost you more than that, I am afraid. If not, please pass on the name of the associate there who will.

That said, to do it "right," the OP should count on spending $30k to $50K start up, which is 0.5% of seed capital -- and thus very reasonable, in my book. Good luck. And where in Florida are you?
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i actually spoke to an attorney out of GA today who was willing to provide services for under 20k so they are out there
 
go with Turn Key Hedge Funds--they were by far the most organized of all the administrators I tried and I think they'll cost like $12k to start you up
 
Quote from BudFoxx:

i wish it was 125mil..

the performance is just cumulative.. so those performance stats could be misleading to someone who is clueless.

with options you can't invest your whole account so we recommend 2-5% only... and with a 60% winning percentage you have a decent chance of outperforming the S&P.

overall, this just shows i have a good grasp of finding good plays at the right time :)

i have to leave managing risk/exposure to individuals. i can only give recommendations... so people don't blow up their accounts in search of making a million out of 10k in 1 year.
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BudFoxx, here´s a link to a professional analytics and workflow solutions provider.

http://www.pertrac.com/per0020/web/me.get?WEB.websections.show&PER0020_1172

The PerTrac Analytical Platform is the answer for finding, tracking, and analyzing investments, building portfolios, and creating stunning reports and presentations. Downloadable investment databases are readily available from a wide variety of outside sources on a wealth of investment vehicles, including hedge funds, CTAs, mutual funds and separately managed accounts. You can create your own data records too.

Maybe you can creat your data records for us in a professional way, thus enabling the community to compare your results with industry benchmarks...Use IntellistatTM to see where an investment's track record ranks against its peers on a percentile basis. Request a free report :

http://www.pertrac.com/per0020/web/me.get?WEB.websections.show&PER0020_881

A.S.
 
Quote from BudFoxx:

Problem is that I might make more if i was paid on performance, and it would be easier to execute trades myself and manage risk, versus going throught the broker and the individuals. [/B]
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Bud/Sanjil, whatever you want to call yourself, based on your performance on the Options Report over the last seven months I would stick with charging a monthly fee if I was you, and look up what a stop loss order is too, and how it works.

That $1 stop on your oil position is beginning to look pretty good as the position expires at zero tomorrow!
 
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