Starting/Working for a Hedge Fund

If anyone has a question regarding this thread I'll be happy to answer you through a PM. Listening to people call me a liar and tell me how I'm giving this business a bad name, during a time when the "elite" on Wall Street are bankrupt, has just gotten old.
 
Quote from highlifejoker:

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!
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High life all i can say is you don't have a clue.

your another mouth for the boys club, that thinks every thing offshore or anyone that is not in the club is doing something illegal or are breaking the law.
BTW Privacy has nothing to do with hiding.
 
Quote from wildkactus:

High life all i can say is you don't have a clue.

your another mouth for the boys club, that thinks every thing offshore or anyone that is not in the club is doing something illegal or are breaking the law.
BTW Privacy has nothing to do with hiding.
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First rule to discourse (behind actually having good points) is to articulate yourself clearly. That includes the correct use of grammar. I am the first to say that nobody is perfect, but this post was exceptional! :eek:

My apologies if English is not your first language. :cool:
 
Quote from katz55:

Can you trade multiple asset classes within one fund, i.e. futures, equities, forex, etc. as long as you are in compliance with respective regulators.
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IN my hedge fund we are a fund of funds. I have outsourced my Forex Currency trading and Bonds to two separate firms. Merrill Lynch and a local Chicago based Currency Trader. I also have a real-estate component that invests in University real-estate around Notre Dame.

I handle the short term equities trading through my professional trading account. Let Merrill handle bonds and commodities. The local currency trader for my currency account and I have a hands on dealing with the real-estate.

I have my accountant compile all of that into one nice monthly NAV.

I used to be registered with the CFTC and NFA but left them because they started getting real annoyingly nosey about my real-estate division and were insisting on these ridiculously expensive audits for my-realestate when it wasnt even their jurisdiction. I understand why they were doing it but when you only have $2.5 million under management a 35k audit hurts returns more than you want. So the way to by pass the commodities registration but still participate was to become a fund of funds, if your comfortable with that setup. Let someone else worry about the legal bull shit, and let my Limited partnership become their client.

Hope that helps.

Cheers

Steve
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roughly, the first 10 pages contained lot of logistics, and details about operation, and administrative side of the business. the remaining seems to have evolved into accusations, mixed with discussions of futures trading strategies.

my question for PFT is if you are not using stop losses, are you monitoring the charts 24/7 ? what if overnight or in a quick moment of notice, a black swan event occurs, and you are unable to close your positions, or running into some problems on broker end ?

I have my own views about TA, so I wont mention it here, but it seems to be working very well for PFT.

I would like to see more discussions about logistics....its great to hear from people with actual experience. Also, it would be interesting to see other people more geared for long-term equity investments....

please keep it up and ignore the trolls.
 

A few years ago I started a small hedge fund, which has grown into a fairly good sized hedge fund. Since I responded to this thread my Inbox has been hopping. I'll take a few moments and answer some questions I've received on this thread in the hopes that it will slow down my PM's


For a CPO to setup up a commodity pool (the Fund; assuming the Fund size is more than 1M; trading nothing but futures), I understand that both the CPO and the Fund must register with CFTC/NFA.

In above case, does the CPO or the Fund need to register with SEC (either Federal or State level)?

In above case, does the CPO need to become RIA (either Federal or State level)?

Thanks.
 
Hello Guys,

I am looking for a US broker who could provide a money manging solution with specific trade allocation and trade settlement procedure.

The trades (profits / losses, costs and margins) would be allocated, from the master account into sub-accounts, based on clients' percentage share in the pool of all the clients' funds.

E.g.

1. If money manager buys 100 NQs from the master account the system will automatically register 5 contracts (profit / loss, commission and margin) into the client's sub-account who has 5% share of the total clients' funds.

2. If money manager buys 100 NQs from the master account the system will automatically register 10.8 contracts (profit / loss, commission and margin) into the client's sub-account whose funds represent 10.8% share of the total clients' funds.

The idea would be:
(i) to treat the clients equally,
(ii) to prevent the money manager to set other than based on percentage rules of allocating the trades into sub-accounts, and
(iii) to make the money manager focus on trading rather than on changing lot allocations to sub-accounts every time the total funds increase / decrease.

Could you please tell me which US broker provides such a solution?

Thanks
 
I forgot to add - this percentage allocation money management solution is quite common with forex brokers but I need it for CME, Eurex, Nymex.

Thanks
 
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