CTA Startup

I hope this doesn't soond lazy, but I've been told by a couple fo CTA's that the have borrowed Disclosure Documents from other CTA's to use as a "skeleton" for their own. Simply being able to change the information around and performance numbers would sure be easier than typing up the whole thing from scratch..Any input?


Can you legally do that? Can the owner of such Disclosure Documents (including "advisory agreement" within DD) claim copy right?
Or Disclosure Documents (including "advisory agreement" within DD) are not protected by copy right?

 

Is there any CTA who charges quarterly performance fees?

If you are a CTA and you charge quarterly performance fees, how do you calculate month performance capsule?

 

You calculate monthly performance based on monthly performance fees even if you charge them quarterly.

 

I see. So you really still have to calculate fee and performance monthly. You just bill the client quarterly (list and add three month fees together).

Thanks.

 

Exactly. You calculate monthly performance based on accounting standards and bill clients separately.

I know this one works, but there may be other ways.

 

Other ways?

Would you mind to explain further?

Thanks.

 

As I have not tried any other way myself, just leaving the door open for any alternative solutions I may not be aware of.

 

Copy away!

 

Do you calculate performance before the fee or after the fee?

 

General standard for calculating performance is net of fees i.e. presenting result after fees deduction.