Yes, if you can avoid the $1000 annual membership fee, it makes sense to do so. You might just as well have your clients open their accounts...
Hedge funds in the US are typically structured as either a limited partnership or a limited liability company. It is easy to form these business...
Do you think the NQU2 (currently 1002.50) will drop below the ESU2 (currently 969.75) this month?
That chartpattern.com guy's Fortune article is pretty interesting. 10,000% return and $18 million in his pocket. Notice that he copied the...
$200k is the maximum capital contribution for an exempt commodity pool. It is an NFA/CFTC number. If you will be trading equities and not...
Correct on all questions. Even though I don't need to, I am registered with the CFTC and have taken the Series 3. When I cross the $200k line...
You can have up to 35 non-accredited investors in a hedge fund. Not all of our investors are accredited, but they should all be able to afford to...
I would suggest you label your weekly returns as "preliminary" and apply the performance fee to them. You will still only actually deduct the...
No, your equity chart won't drop because of the performance fees. You equity curve would drop if you were plotting results without taking into...
13% of US households have a net worth of $1 million or more.
Having less capital to invest because you had to pay a lot in taxes won't affect your <b>percentage</b> returns. Percentage returns are what is...
That's the Catch 22... You can't justify the formation of a fund without some committed investors, but you can't get committed investors for a...
You asked about hedge funds having a lot less capital to trade with after April 15th arrives... A few comments... -- If you are making so much...
And about auditing your results... I would say you could go to any CPA for your audit. You don't need to go to one of the Big Four (or Big...
Oh, and while hedge funds report results gross of taxes, they also report results net of expenses. So, while you may have made 30% for January to...
If you want to calculate your return for a period where you have cash flows into or out of your account you would... -- calculate the return...
We were a little more aggressive before starting the Schindler Fund and used a margin-to-equity ratio of about 20%. This is the maximum of the...
On rereading what I wrote, I want to correct the statistics in my third paragraph... If the <b>median</b> bid is 50, then half the time you...
Right now we trade only the NQ's and the Dax. Between the two markets there is plenty of room for us to grow. We are a tiny drop in the bucket...
In all the backtesting I have done it doesn't make sense to scale into positions. If your strategy has a positive expectation and you get an...
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