Not sure which forum to ask in. I know a guy that wanted to invest in a managed futures account. He’s identified a few that he likes but they all require that you be an accredited investor. His net worth doesn’t qualify him but he’s got 100k in cash. Is there a way around these rules? I’ve been looking around for funds that don’t require accredited status? I mean funds that have a track record (good track record)? Ideas appreciated.
%% ONE way to do it; find a neighbor in a neighborhood that could do it legal. He could give part or all of it to that person, even if he lost it all ; hard to get a good education for under $110k , so live long +lifelong learn. IF 97% of rules are common sense; proceed with caution, good question, Long
I think Dunn and a few others have mutual funds with low minimums. As with all hedge fund strategies I think manager selection is as important as strategy selection and your friend might be limited.
This is a good site for reviewing CTAs. https://www.iasg.com/ ***Free to use but must sign up to see detailed information. Many are QEP but some are not. Usually the one's with lower min. inv. are for all investors. A few that have acceptable WDD, CAROR and min. inv. below 50K. Personally, the only column that matters to start scrolling is WDD. Higher than 30% is a no for me. Takes too long to recover unless they have a good CAROR. If WDD is OK, then CAROR along with min. inv. If those 3 are acceptable then click on the program name below the trader to see if QEP requirement and further program information. ***Option writers can have a nice looking performance but if the track record is short I'd be careful. They often have slow steady profits until they fall off a cliff.