looking to keep this local so I figure I'll post it here vs somewhere else. I might have $1mm of my firms capital to allocate to one or more traders ($250-500k per). We're looking to diversify an internal trading team. Depending on performance and our capital raising efforts, that figure has the potential to increase during the year and beyond.
Now before everyone gets their panties in a bunch, there are a few caveats you should be aware of. First of all, the trading would need to be done from our offices, downtown Toronto. You can not trade remotely from home, other job, etc. There is no salary, it would strictly be a eat what you kill situation. You'd probably be looking at getting a 1 and 10 kind of deal. I understand those fees using $250-500k isn't much but that's the deal, so this would serve someone who is already trading independently and is looking for a foot in the door at a hedge fund and hedge fund capital. You'd have your own sub-account as part of a larger fund so your returns would be audited and marketable down the road, assuming a good track record is created.
Last caveat, you need to be able to explain your strategy(ies) fully. We cannot invest firm capital in something we don't fully know or understand. Signing an NDA is not a problem for us, but if you want to keep your trading a secret (and I understand if you do), this isn't for you.
PM me if interested