Admittedly, raising $ to start a fund is not my strong point. The last time a potential investor asked me "How much could I lose?" I replied "All of it". un-polished? Anyway, next week I have an appointment to meet the head of a BB firm in NYC. Any tips from senior members on how to sell your returns? seems easy on the surface, however I find pitching risk in current environment difficult. BTW. It's all automated ytd underperforming SP500. But overperforming since 2010.
Not sure anybody's interested if SP500 is up over 20% YTD and you're underperforming. All of it is definitely un-polished. Need more spectacular results and no you should not tell them that, just what your results did. What was the outperformance since 2010? Was it over 50%?
Cagr 37% since 2010 max dd 24% aum> $100k. Handsomily since 08 but no longer trade as I did 08-09. Sp500 has been averaging 1% yr since 2000 with 2 50% drawdowns.
I don't know with the 08-09 in there if you can just traceback to 10 and omit. Don't mention what the S&P did.
sp500 is on an uptrend in that period. How many short positions has your system generated and what was their pf and win rate?
I am looking for someone to trade for me. Better than me learning how to trade. How do you divide the profits with investors?
Well 08 I was more Greybox, and also caught that great commodity bubble, where I nearly tripled my account >$100k aum. but also had a drawdown of 49%.. 2009 - sized down, decided Forex was a better instrument...developed several automated algos. 2010 - now: Has been running around the clock..So to me it makes sense to represent your returns based on what you plan on trading in the future
90% of what I have been doing is Forex so every trade is long/short. I recently have added equities Intraday in which I trade 5 strategies 100% $ neutral with a prop firm. Forex is a bit challenging ytd, so I am adapting and bringing online more markets and strategies.
you are going to meet a had of a bulge bracket bank to discuss starting a fund with 3 year track record on 100,000 AUM?
My prediction is that come Oct. 2013 when HF's are allowed advertise, competition should drive more transparency. Will HF's be posting returns on FB ? no idea.. However, this has been a motivating factor for me to look into starting a fund. You know let the returns speak for themselves. You should consider holding overnight in SPY with some type of hedge or trigger that reverses. I recently developed and started trading a strategy that since 1995 = cagr12% max dd = 17%, not bad since SP500 did 8%cagr and 2 maxdd of 50%..