Numeric runs all 18B on SAS. I should have added that we are not doing any high frequency stuff with this...some intra day but no high freq.
Some of the biggest quant firms on the street use SAS for backtesting and automation. We are not in the league with the biggest, but we force all...
E&O insurance has nothing to do with trading errors!
the usvi is the worst idea ever...when the law was first passed in the mid 90's (some kind of redevelopement act because the US was embarrassed...
there are lots of ways to structure companies so that you pay very litle taxes...move to canada and you have a 5yr tax holiday...in the uk you get...
I am 100% sure that if you leverage even 1$ of margin in your IRA that you have to pay UBTI (not UBIT) on all gains derived from this leverage. I...
you don't pay 1 penny of tax if you are an offshore investor. so offshore hedge funds dont pay anyone tax (US investors are not allowed). the...
The A holes in congress took our deferral away Jan 1 2009 (republican senator snuck it in to some freedom fighters bill to fund 911 heros or some...
Hmmmm. Turning a hedge fund into an insurance company through acquisition has to be one of the top 10 tax dives of all time. Let's see, if we...
Management fee on 100M too small?! Egads Surf! The fund bears all of the expenses! Expenses from administrators, prime brokers, tax, audit,...
if you go to a decent prime broker, many introduce GSCO, or penson, but perhaps they charge these fees to you from the introducing. Anyway, I use...
SEC's ability to regulate fund industry was overturned last year by supreme court. No fund manager is required to register now, even if assets...
I can tell you from experience that launching a fund is a daunting task that requires many experienced people (more admin and back office than you...
Not all funds book incentive fees annually. In some instances it is common for funds to book incentive quarterly. So they could have done well...
Make enough to retire, then retire, then you are successful. In this business "it aint over until the fat lady sings" and I'm sure you can get...
How about a hedge fund manager, since most of them aren't registered with anyone.
The IRS is vague about a lot of things when it comes to trading, but one thing they are not vague about is that any and all income derived from...
If you ever want to get a single institutional dollar you have to use a citco or a fortis or a ubs, etc for admin. There is some barrier to entry...
No. Non US based funds will not accept US investors.
advent is known for its shitty customer service. I dont know if you are looking just for software or an actual administrator, but as far as...
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