Instead of turning this thread into a prop. vs. HF discussionin I would like to submit some links which may be in the authors interest www.citcoweb.com - i think the largest admin of funds (do not know thier req. for beeing a client tho). www.ubs.com/fundservices general http://www.hedgeworks.com/main.nsf/...9d57ae78bd26e82088256d08005e3f46?OpenDocument consulting www.cclcompliance.com www.imsconsulting.com legal www.campbells.com.ky www.mpwellp.com www.srz.com
Thank you Rufus, This is helpful. Do you know if BofA housed any super small funds just starting out <5MM??
I was directed to this thread by a friend. He told me there is an injustice that needed fixing. A good trader needs a prop firm like a two bit hooker needs advice from a cop on how to get tricks. It's funny Don 'PROPaganda' stepped in to gloat about 'his prop firm' and 'his way' when the subject matter has nothing to do with him, his firm, or his experience. The card player sure knows how to bluff. No one cares about the crack addicts you employ or the calls you get or your selection process; anyone with $5000 grand. To answer Don's stupid assumption, we manage OPM because we can and it feels right. You know, giving back instead of hiring stool pigeons to work at a so-called PROPaganda firm. I'm surprised no one has taken Don out yet but i suppose all of the alter offerings and misinformation you spew keep your pimps happy and rich. We'll say a prayer for you and your brother. Amen. Let me know how the process unfolds for starting your Hedge Fund partnership....very interested. Thanks.
Not sure about <5M, but < 10M for sure, a guy I know started his fund in '98 with about 6-7M (mostly his own and some family money), now his fund is around 200M. He specializes in small-caps. He is still with BofA (artist formerly known as Montgomery Securities), I believe.
Well, good...a "spirtied debate" from an anonymous name caller. How about we have a real discussion, perhaps on my radio show or here on elite...I'm sure Baron would welcome it...nothing radical, just adults speaking...I'll bring on a few of my traders who opted not to borrow OPM (or did for a short time, paid it back, and went on their own)...let them carry the ball...and perhaps, just perhaps, they weill explain how they are very thankful to borrow $millions, on a daily basis, for free.....and not have to be accountable to friends and family for a few bucks. Any takers....(and, before we get "too real" - be sure to note the comments I made about "legitimate" hedge funds (over $30 mil, I think is the registration $$ amount).... Should make for some interesting dialogue, if we can get past the silliness. Let me know.....I'll set it up.... (Oh, and of course, those with a few million to trade with, can take part in the strategies that actually work to make a good living)....Pairs, Openings, M&A, as you all know, take some capital. Remember, my brother and I were on the "other side" for a long time. Back in the 70's and 80's, we put up $50K or so, and used Spear Leads money (now Goldman Sachs) to trade with. So we "practiced what we preached" and became pretty successful doing so....No "ivory towers" here...just reality....and you can check the website for the continued "trading success" (vs. trading firm success). www/stocktrading.com/trader10030.html (for example). (for those who know me well, this response is a bit out oc character, but you all ask how I take the silly comments so well, without "lashing out"....this is all being done with a smile, and stay tuned, this may be fun). Have fun everyone.....off to the radio show... Don Don
Excuse me Mr. Bright, no wonder you guys have done a lot of great stuff, but what exactly has this got to do with starting a HF?
Oh, and just for "full disclosure" to the regulators. Bright Trading has hedge funds under it's umbrella. And the Bright family manages it's own money under various entities. Don
For free? So SLK/GSEC is not charging any "haircut" fees for use of their capital any more? Well....no shit. Where do I sign up?