I have been pretty successful as a full-time stock index futures day trader. I was wondering if anybody had comments/ideas/experiences to share on the pros/cons of starting a hedge fund versus just trading my own accounts. Funding is not a problem for me because I have several family members with friends interested in investing with me based on my track record (both day trading and longer-term trading). I remember reading in Buzzy Schwartz's Pit Bull that he tried to run several funds, but it was hell because the clients were always riding his ass about their positions, etc. When he got sick, they all pulled their money out of the fund. He made it sound like managing a fund took most of the fun out of trading.