I have a consistent 3yr track record trading various low risk spreads, and am looking to expand my trading with external funds. I don't have the inclination to set up my own CTA, I would rather obtain a direct allocation from a private fund or prop group. One fund I am considering offers a 20% performance fee, with an initial drawdown allowance of 50K rising to probably 250k as I prove myself. For those with relevant experience, how does this deal sound? From reading the threads here, it seems a lot of the prop shops make their money from desk fees and commissions generated from high volume scalping. This is not the kind of environment I want to get into. Does anyone know if the old Commodities Corporation (as featured in Market Wizards) is still operational? I read they were bought out by GS a few years ago.