You typically need to do an incubator fund and get an audit before you can start a full-fledged fund but if you know a few investors who are willing to invest with you without all that stuff then that is your start. Has anyone ever asked you to trade money for them? If so you have one investor. It takes a while to start a fund but once you make someone a few bucks word travels fast. Everybody knows someone and investments is basically all people talk about at cocktail parties. Go print some business cards, make someone some money and send them your card. So what is the less expensive way to start an incubator fund assuming the fund manager is the ONLY investor? Can he just set up an LLC (said ABC LLC) and just open an IB account and deposit some cash into such account and start trading? After that, what he need to do? Can he just do that for 2 years for sole purpose of generating track record?
Just quit. Seriously, if you don't have the brain power to figure out why this is a dumb question at this point in time of all times then you are clueless. what else is there to say.