The performance is a pretty simple calculation. ((Ending value/Beginning Value) -1) *100, regardless of asset classes. The only time it gets tricky is when you are dealing with mark-to-market issues among the different classes. That also raises some very complicated tax issues, which is the primary reason I am sticking to futures and ignoring stocks. The accounting/taxes to trade both futures and stocks would be a full time job.
A few weeks ago .when I started trading Forex, I was managing a small hedges funds. But in my first month I discovered a cool way that turns my hedge into extremely good hedging funds. And this cool way is the advisor found on my platform. This advisor helps me a lot to forecast the future market activity so that I could decide when I have to buy or sell thanks to my advisor.
hi highlifejoker are you trading in future?when did you started to trade in it?and how many time did your predictions comes to be true?
This questions is for anyone with knowledge and/or experience in startups: I will be starting a small fund (10-15 mil in contributed capital) soon with a buddy and to save money I'd like to create all the necessary documents (i.e. PPM, Limited Partner Agreements, and Subscription Documents) on my own instead of having an attorney do it for a few thousand dollars. I'm familiar with these documents and the info that should be disclosed, but I'm not an attorney so I don't know the "legal lingo" that you typically see. That said, what is the downside, if any, to creating these documents myself in plain English, as opposed to having an attorney prepare them? Thanks in advance for your comments.
I know this is PTF's stage and I don't want to contradict his knowledge of running a fund. All I can say is that I am in the paperwork stage of starting a CTA/CPO and I did think of writing my own documents to launch. One attorney did mention to me that there are investors that do in fact look through disclosure docs with hopes of finding a loophole. I guess you could call it a "stop" on there capital if you in fact lose money, he said he's seen it happen. I lived in a small city and a friend did a renovation on there brownstone, two weeks into construction he was sued by some old man who tripped on the sidewalk in front of the building. When he got a local attorney, he was informed that this old coot along with his wife and kids had been suing residents of this town for over 20 years for the same thing, they just target construction sites. He said just pay them off with $5k and it will be over. With a CPO your handling customer funds, the check is paid out to your fund. The going rate for what I have been forming CTA/CPO $15k-20k for mid range attorney, my initial attorney was a one stop shop for funds that was 10k, fired him after 45 days and now I had to start from scratch. Glad I did.
As someone else stated, you would be far better off getting a standard agreement and changing the names to yours. Changing other things could potentially open you up to all kinds of problems if you don't get the wording right.