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Starting/Working for a Hedge Fund
- Thread starter ProfitTakgFool
- Start date
Quote from chipmunk:
But seriously, I obviously need to set this up legally and legit.
I can't trade big so no point in chasing big investors.
Yes, Green and Co or another similar will work for you. these guys are competent, although unknown, if your investors don't care it will work fine. See first post on this thread for contact info.
wildkactus
Guest
Quote from highlifejoker:
why wouldn't you want the fund you invest in to use firms that are "holden" to the authorities?? You must be a very trusting soul with your capital.
I take it from this that privacy and offshore investing is not what you do.
But for us it is exactly what I do for ourselves and anyone I work with.
and the problem with the big named guy's is they will reveal all if lent on just a little, even if what they did is 100% legit.
Quote from wildkactus:
I take it from this that privacy and offshore investing is not what you do.
But for us it is exactly what I do for ourselves and anyone I work with.
and the problem with the big named guy's is they will reveal all if lent on just a little, even if what they did is 100% legit.
Breaking the law is something I don't do.
I don't work with illegit money. having a master feeder structure is for offshore investors. not to hide things under the euphenism "privacy".
no concern about being leaned on as there is nothing to hide.
just wanted to clarify.
HL!J!
Someone in this thread said that Wall Street isn't Silicon Valley - that's for damn sure. These are two very different industries and cultures.
Silicon Valley (SV from now on):
To get hired on SV, they don't care if you're not a citizen or if you can barely speak english - as long as you can program real good and have a good work ethic, you are hired. And you can show up to work in your shorts and no one gives a fuck as long as you're getting your job done and doing it well.
And if you have an idea for a killer app. - you'll even get funded thru a venture capital firm.
Wall Street (WS):
WS is all about paper pushing and image. You can't get hired at any large firm without an IVY league degree + connections + proper WS image. Its still an old boys club. But if your a chick with great tits you'll get hired on the spot for a receptionist job.
And if you want funding to manage money - your actual results/plan/strategy/intelligence/experience/passion doesn't mean shit if you don't have the right connections.
SV is what makes America great and is what is driving American growth and innovation.
WS - well WS would be bankrupt right now without all the Welfare the Fed is handing out to them right now. Right now WS bankers are in Dubai blowing Arab Sheiks begging for capital infusions. Even with more PHDs than in any other industry the industry is essentially insolvent at this point without the constant sucking on the government's (taxpayer's) tits right now.
So forget about WS funding your trading operation even if its one of the best ones out there - its just never going to happen. The good thing is that you don't need WS - the derivatives market offers you more than enough leverage to make as much money as you want so long as you can manage your risk. And if you ever make tens of millions then you can hire good traders to trade for you.
Silicon Valley (SV from now on):
To get hired on SV, they don't care if you're not a citizen or if you can barely speak english - as long as you can program real good and have a good work ethic, you are hired. And you can show up to work in your shorts and no one gives a fuck as long as you're getting your job done and doing it well.
And if you have an idea for a killer app. - you'll even get funded thru a venture capital firm.
Wall Street (WS):
WS is all about paper pushing and image. You can't get hired at any large firm without an IVY league degree + connections + proper WS image. Its still an old boys club. But if your a chick with great tits you'll get hired on the spot for a receptionist job.
And if you want funding to manage money - your actual results/plan/strategy/intelligence/experience/passion doesn't mean shit if you don't have the right connections.
SV is what makes America great and is what is driving American growth and innovation.
WS - well WS would be bankrupt right now without all the Welfare the Fed is handing out to them right now. Right now WS bankers are in Dubai blowing Arab Sheiks begging for capital infusions. Even with more PHDs than in any other industry the industry is essentially insolvent at this point without the constant sucking on the government's (taxpayer's) tits right now.
So forget about WS funding your trading operation even if its one of the best ones out there - its just never going to happen. The good thing is that you don't need WS - the derivatives market offers you more than enough leverage to make as much money as you want so long as you can manage your risk. And if you ever make tens of millions then you can hire good traders to trade for you.
Damn, never made that connection but you may be right LOL. And you're spot on with your earlier post. You're either part of the good old boys club or you aren't and if you aren't you never will be. But, you don't have to be. Good old Bankrupt WS.
Quote from aeliodon:
Since marketsurfer is the stereotypical WS paper pushing scum that can't trade for shit I just want to point out that
highlifejoker = marketsurfer for anyone that hasn't noticed.
highlifejoker:
I think that you may be missing the point. There are far more millionaire next door types than people on the "Carl Ichan" path. Not to say that anyone here would be managing an individual of that caliber's money, but the point here is that most people on this forum who launch these small 1-5 person shops are going to be managing those kinds of individuals money. So as long as their abiding by the law, who cares who there business partners are, so long as the are ethical and can do the job effectively in the appropriate price range.
I happen to believe that this is going to be a pretty important emerging market in the next 5 years as more and more investors are realizing that even if they have the market knowledge to do well in th markets on their own, the process to deliver the maximum return that they're capable of is way too time consuming and mutual funds both by nature of investment company rules in place by our friendly regulators and shear lack of talent at many of these firms will lead them to seek out other alternatives. As they began to turn to 1-2 person shop RIA's and small RIA firms, these firm will in turn look to tools like small hedge funds, fund of funds, like organized commodity pools to deliver results while they concentrate on financial planning, client acquisition & management, as well as developing other services/lines of business.
Folks, it is time to start looking at how your practice intergrates with the entire financial services industry as a whole so that you can build your create successes out of dreams.
See the writing on the wall. People are disgusted with Wall Street & Main street "Brokers" alike. So folks will be willing to consider options soon.
My $0.02 -- though it feels like I just made someone a quick $10MILLION USD .... maybe
I think that you may be missing the point. There are far more millionaire next door types than people on the "Carl Ichan" path. Not to say that anyone here would be managing an individual of that caliber's money, but the point here is that most people on this forum who launch these small 1-5 person shops are going to be managing those kinds of individuals money. So as long as their abiding by the law, who cares who there business partners are, so long as the are ethical and can do the job effectively in the appropriate price range.
I happen to believe that this is going to be a pretty important emerging market in the next 5 years as more and more investors are realizing that even if they have the market knowledge to do well in th markets on their own, the process to deliver the maximum return that they're capable of is way too time consuming and mutual funds both by nature of investment company rules in place by our friendly regulators and shear lack of talent at many of these firms will lead them to seek out other alternatives. As they began to turn to 1-2 person shop RIA's and small RIA firms, these firm will in turn look to tools like small hedge funds, fund of funds, like organized commodity pools to deliver results while they concentrate on financial planning, client acquisition & management, as well as developing other services/lines of business.
Folks, it is time to start looking at how your practice intergrates with the entire financial services industry as a whole so that you can build your create successes out of dreams.
See the writing on the wall. People are disgusted with Wall Street & Main street "Brokers" alike. So folks will be willing to consider options soon.
My $0.02 -- though it feels like I just made someone a quick $10MILLION USD .... maybe
As my prior postings detail, a friend and I plan to start a fund in the next few years. We currently have about 15mil of contributed capital. I'm relatively familiar with the start-up process and how funds work, but what are the first few essential things to do to get it off the ground. Thanks