PTF, What exactly do you get for your $17K? What start up documents did you received? And what services did you receive to help you get started? Also, which attorney/law firm did you choose? Would you recommend them? I am trying to start a small hedge fund in Texas managing money for several relatives and friends.
for friends and family i would use interactivebrokers' friends and family accounts. Also a friend of mine is setting up a fund. Costs are 35k Euro, and his prime brokerage just paid for all of it (after he pointed them out how much commission a year they are going to make from him though)