Starting hedge fund
- Thread starter serg007
- Start date
jerryz- thanks for clarification
first of all, we wouldn't like to accept money through PO Box anywhere, that's why I'm going to go through the necessary procedures to become fully legal
regarding the need for "another fund", I know that American and European investors have a wide choice of investment vehicles. Unfortunatelly, the same cannot be said about high net worh Russians. That's why I want to create the "line" of vehicles for these guys including domestic onshore mutual fund, global macro offshore hedge fund as well as a variety of individual strategies for segregated accounts.
I want to start from the global macro fund because this is exactly what I've been doing for the last 3 years for a pool of individual clients and with this fund I wouldn't have to change the investment strategy.
first of all, we wouldn't like to accept money through PO Box anywhere, that's why I'm going to go through the necessary procedures to become fully legal
regarding the need for "another fund", I know that American and European investors have a wide choice of investment vehicles. Unfortunatelly, the same cannot be said about high net worh Russians. That's why I want to create the "line" of vehicles for these guys including domestic onshore mutual fund, global macro offshore hedge fund as well as a variety of individual strategies for segregated accounts.
I want to start from the global macro fund because this is exactly what I've been doing for the last 3 years for a pool of individual clients and with this fund I wouldn't have to change the investment strategy.
Quote from serg007:
jerryz- thanks for clarification
first of all, we wouldn't like to accept money through PO Box anywhere, that's why I'm going to go through the necessary procedures to become fully legal
regarding the need for "another fund", I know that American and European investors have a wide choice of investment vehicles. Unfortunatelly, the same cannot be said about high net worh Russians. That's why I want to create the "line" of vehicles for these guys including domestic onshore mutual fund, global macro offshore hedge fund as well as a variety of individual strategies for segregated accounts.
I want to start from the global macro fund because this is exactly what I've been doing for the last 3 years for a pool of individual clients and with this fund I wouldn't have to change the investment strategy.
have you taken any positions in Ukrainian stocks last 12 months?
this is where the big money was made in e. europe last 12 months, as a macro hf i think you should have been on it.
Until now I've been managing the whole pool alone. In order not to loose concentration I had to focus on the certain areas, which included major US ETFs (indices, sector, international), the most liquid Russian stocks and commodities futures.
That's more than enough
Of course, if our idea with the fund would realize, I would look for a couple of smart guys to cover previously left markets to become really "global".
That's more than enough
Of course, if our idea with the fund would realize, I would look for a couple of smart guys to cover previously left markets to become really "global".
As I've said before many funds (hedge or otherwise) are just a front for legally skimming money from clients.
Outrageous front end loads, commissions kickbacks, expensive management charges etc etc.
Why do you think the industry is lobbying so hard for hedge funds to be sold to the general public? Because they care about the general public, because they want them to make money (that's always an after thought)?
BWAHAHAHAHAHAHAH
No way, because the public offers another massive pool of money that can be picked clean.....................
PS. I'm not suggesting that this Russian guy thinks like this but most do when they see the easy money that can be made.
Outrageous front end loads, commissions kickbacks, expensive management charges etc etc.
Why do you think the industry is lobbying so hard for hedge funds to be sold to the general public? Because they care about the general public, because they want them to make money (that's always an after thought)?
BWAHAHAHAHAHAHAH
No way, because the public offers another massive pool of money that can be picked clean.....................
PS. I'm not suggesting that this Russian guy thinks like this but most do when they see the easy money that can be made.