Starting/Working for a Hedge Fund

Quote from the1:

I agree and disagree. Close stops will kill you over time but I gotta have a disaster stop. I typically keep my stops 5-10 points away from the market depending on the level of volatility but I rarely lose money by having my stops triggered. I take the loss manually most of the time.
More...

Why not just use options as stops
 
Quote from ProfitTakgFool:

....Once I had a year under my belt, and some profits I turned the legal work over to an attorney who charged me $17k. I would not accept an investor I didn't know until I had the PPM/Contracts done professionally. I still do the accounting myself to keep my costs low but my taxes are farmed out. [/B]
More...

PTF,

What exactly do you get for your $17K? What start up documents did you received? And what services did you receive to help you get started? Also, which attorney/law firm did you choose? Would you recommend them? I am trying to start a small hedge fund in Texas managing money for several relatives and friends.
 
Quote from LongTermer:

PTF,

What exactly do you get for your $17K? What start up documents did you received? And what services did you receive to help you get started? Also, which attorney/law firm did you choose? Would you recommend them? I am trying to start a small hedge fund in Texas managing money for several relatives and friends.
More...

for friends and family i would use interactivebrokers' friends and family accounts.

Also a friend of mine is setting up a fund. Costs are 35k Euro, and his prime brokerage just paid for all of it (after he pointed them out how much commission a year they are going to make from him though)
 
You must log in or register to reply here.
Back
Top