Arb Under - My council may be conservative, but they said even if I were to flat out hire a guy to work at my firm solely for his contacts that I...
In fact, it only applies to private investments like hedge funds. And I don't just think, I have been there and done that (Akin Gump is council)....
I don't know whose ass everyone here is pulling all of this shit out of, but 20% of all fees (Management + incentive) forever is typical. Oh, if...
You need a partnership accounting software package designed especially for fund managers. Because of the way partnership accounting works, you...
Repeat after me ... The benefit is you get to contribute to a pension plan and sock away tax deferred money. The benefit is you get to...
The only reason to incorporate your business as a subchapter S or an LLC is so that you can draw a pension plan. This is a huge reason for...
From experience, I can tell you that no prime broker is interested in your business if you are under 10M. Your only option to get prime services...
If you are looking for institutional money you will have to hire brand name fund services, audit and tax, and legal. If you want to run money in...
I started with 8K and had saved (after taxes, expenses, etc) millions by the time I started my fund this year. But I started trading a known...
XP is a 32 bit operating system and has a constraint on the ammount of physical memory it can report. 3 gigs is the limit. Now dell tells me my...
A point to point T-1 connection directly to your broker is going to cost at least $1500 per line per month plus 5K in installation. If anyone on...
You can't do jack until you form either an S-Corp or an LLC and start trading with company money. Then you can pay yourself a regular W-2 salary...
Kin, You have really got that mortgage interest rule mixed up. It has nothing to do with interest paid, but the face value of the loan itself....
zhivodka is correct about the offshore hedge fund being the only loophole. Malaka, the reason that works and opening a company doesnt is two...
I have been knocking out 7 figures consistently since I started trading in the late 90's. I can tell you this much about how likely this is. I...
I stopped receiving monthly paper statements years ago when they started shipping them in boxes on big freight trucks. So if I were to file every...
In case I was vague. It would be a waste of time/money to have your personal trading audited by a top CPA firm, because it couldn't be used to...
Unfortunately, with hedge funds, you cannot use any prior track record from a prior fund or personal trading (even if audited). So if you are a...
here is a nice list
Quarterly in advance is typical, always in advance though. Incentive fee is once per year at the end of the year. Regardless of how fee's are...
Separate names with a comma.