How easy is it to find clients for a hedge fund? Just for the sake of discussion, how easy do you guys think it would be to draw in money if you did the following: You have a couple hundred thousand of your own money that you trade. You create a hedge fund structure then start to trade your own money just as you were doing. At the end of every year, quarter, whatever, you have your results professionally audited and post them to various organizations that keep tabs on hedge fund performance. You do well, make good returns with relatively small drawdowns, and you perform consistently. You don't make any effort whatsoever to find clients or bring in money. You don't get an office. You don't hire employees. You don't do anything. You just trade your own account and post results. Do you think that people would start to offer you money to manage? If so, how many years would it take for the offers to come in? Does performance even matter if you're not managing millions? I always hear that in the hedge fund industry, the results speak for themselves. But am I over simplifying things? Would simply setting up a fund and posting a few years good results start to draw in money?