For the benefit of anyone interested: I was able to confirm with IB support that when using an Advisor account(aka RIA/IAR account) with managed...
Another possible strategic difference: 5) A hedge fund could theoretically avoid disclosing exact trade history, and therefore could have an...
Cyrix, > 1) One thing unclear to me is why you didn't choose route 1, the RIA route. > 2) [Does being an RIA] require less administrative...
Hi Cyrix, Our own situation is likely unusual and probably would not apply well to most other investors. I'll update on our status anyway, and...
Update: It turns out that a separate IB account will probably not work as a cash management account for a hedge fund. The problem is that IB...
Thanks all for mentioning a second IB account as a potential option for a cash management account for an IB hedge fund. Even though IB accounts...
@DeltaRisk IB is the prime broker for the fund. I'm looking at using a separate IB account for the NAV consulting banking purpose if possible....
@Stocktracker Ah, Thank you! Yes, big task. But I'm used to the trading parts, and I imagine the fund administrator will help much. : )
>Good luck with your hedge fund, I think you gone need it! @Stocktracker If I may ask, is that because of my inexperience with the administration...
For anyone in the future who might want to know what solutions were found: It turns out that Fidelity offers a business checking account...
Hi Just21, The question is for a bank account, not a brokerage account. (Unless IB does offer "bank-like" accounts and I didn't know?)
Thanks everyone for your administrator recommendations. I've engaged NAV consulting for the administration. The setup process has brought up...
Hello all, My new hedge fund was recently approved, and I've hired NAV consulting for the administration. In order to use NAVs dual account...
Thanks for the responses so far. The names I've collected are: NAV Consulting, Citco, Apex Fund Services, and Opus Fund Services. I have not yet...
Robert, Do you recommend any service providers that I should look at?
> truetype said: You don't specify what instruments you trade, I trade ETFs almost exclusively. Things like SPY, QQQ, IEF, etc.
wintergasp, Do you recommend a particular external administrator? Thanks. -Jay77
Hello hedge fund (or other pooled investment) Managers, I recently started my companies first hedge fund, and will be opening the fund to...
Follow up (FYI): I spent some time on the phone with the California Department of Business Oversight. They explained that every advisor is...
Hello Bob, Thank you for the useful reference. Yes, section 25202 is the state-level exemption I claimed for myself. Although my home is in...
Separate names with a comma.