You said first, there was no point in soliciting investors on ET, (waste of time) then you spent like 10 posts defending the legality of it. If it isn't practical, who the fuck cares if it is legal or not??? Sounds like waste of time to me.... P.S.: It matters not, how you interpret the rules. What matters how the SEC interprets it...
If you lose your money because you gave it away to some random stranger on an obscure website because they told you they were a "Hedge Fund Manager", then you rightfully deserve to lose that money. I will direct any further questions on this matter to the Captain.
I am glad that the point about solicitation of funds through ET was brought up because it is obviously an important issue and one that is integral to growing a hedgefund. Thank you to all who have taken the time to post their thoughts on the matter. Hopefully, we can make a greater effort to remain civil and respectful to each other in future posts... I think it is necessary to clarify a point I made earlier. I have not, nor do I ever intend to solicit funds through ET. I have stated that previously several times in this thread. My intention behind posting my exeriences is simply to share them with others for whom it might be helpful and perhaps for me to learn from and network with others. I have met some great people through ET and I hope to meet more. A distinction must be made that there is a HUGE difference between networking and soliciting funds. Anyone is free to network. A hedge fund requires substantial infrastructure and I am trying to build relationships in preparation for the time my fund is at a point where it can be converted from an incubator fund to a fully function hedge fund. As far as soliciation of funds, I am permitted, by law, to accept investment capital from closely held relationships such as friends and family as long as I meet SEC requirements. Personally, all of my investors and I have shared relationships for a minimum of 3 years prior to their investment and many I have known much, much longer than that. Lastly, the point made earlier about liability exposure to investors seeking restitution for losses is valid. Therefore, why would I want to open myself up to that kind of exposure to just anyone I would meet on ET? It is in my own best, selfish interest to only accept capital from those I know well. After all, if I am going to get sued, I would rather it be by people I care about! (Sorry, but I couldn't resist a little levity).
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Hilarious! Maybe if it doesn't work out with the hedge fund I can run for public office... Its always nice to have options! (and equities)
There are a lot of scam artists online. Just the other week I got scammed on Ebay and bought some bad batteries. Anyone who trusts what they read here from anyone is really and truly asking for it. Hey, I dont enjoy seeing anyone lose money for any reason, but if you give it up so easily to some stranger you met off a website then I truly feel for you.
That is an awesome list of diversified tickers HFStartup. And all the best to you for the continued success of your venture. I have my own small list based on my analysis which matches with your list to about 80%. I have a couple others that could be of interest to you.. IYR for real estate (i dont trade it though yet), SLV (trade it but hate it), UNG. ps: i am not done with reading your entire thread yet. -gariki
I am. I went through the initial post and havent read unti this point just now. And jeez.. really i thought it was for real. But atleast i can tell you the content in his posts are very accurate if you are trying to establish a hedge fund of your own. I know it first hand . But what a pity; this thread is not genuine.. like so many others. Sad moment for ET readers. -gariki