So I have asked this question here and in one forum...but a few clarifications: I was planning to create a hedge fund (which is much easier than you might think...), offshore jurisditions have relatively low fees (some of them..BVI), SEC regulation is pain in the *** I guess...but I am English...so they won't jail me right away like madoff (i hope so...). So anyway...my planned business model was to make the hedge fund more accessible to 'main street' and offer extremely low minimum...like just $1000 minimum to invest while most funds will ask for one milion. I know US federal/state law perhaps doesn't allow conventional ways for a hdge fund to be advertised...but I was thinking to advertise the hedge fund to be more like an online brokerae where people can open accounts and invest online. See my MAJOR concerns are not if this is "legal"(as people here will jail me for even hinting about hedge funds...) but whether people will want to invest at all? I mean lets face it - most people don't have sufficient funds - even if the funds returns 20% per annum...so what...most people have not even heard of the compound interest effect...let alone that with $10k invested they will see this opportunity as if they will pocket a few K per year and the fund won't offer level of security as any bank. The only interested people will be banks and institutions...but they will want a track record of 5 years + and in the best case will need a Phd from harvard (the LTCM case...) - which I don't have. All I have is about $100k in cash and several strategies related to options arbitrage that WORK. But...you see my case... anyway, thanks in advance!