Hedge Fund

#2
Anyone has previous experience of working in a Hedge fund or starting one in US ?
Hi

If you want to start a HF in the US, then check the following link as you need to get in touch with the regulation authorities or you assign a lawyer to do that part for you:

https://www.managedfunds.org/issues-policy/issues/globalhedge-fund-regulation/

Now as there are so many different HF out there with so many different strategies, if now only short or only long or both or what so ever, you may first need to make a decision about what you have in mind how your hedge fund should work. If you need some ideas, you can Google for this book: Mark Wolfinger: "Create your own hedge fund" PDF

All the best and take care / Dan :)
 
#4
Thanks for the links I will check it and see the book.Have you previously worked with any one of them.
We had HF placed in Liechtenstein, which is under EU law. The HF where managed then from the office in Switzerland. But regardless from where you manged them, they have to full fill the laws from the country you place them officially. So this step you do best with a hired lawyer to not make any mistake.

Hope it helps and good success / Dan :)
 
#5
We had HF placed in Liechtenstein, which is under EU law. The HF where managed then from the office in Switzerland. But regardless from where you manged them, they have to full fill the laws from the country you place them officially. So this step you do best with a hired lawyer to not make any mistake.

Hope it helps and good success / Dan :)
Yes agreed.As of now it seems a difficult thing to start a new hedge fund altogether and EU laws are strict.What are some of the challenges you faced while setting up HF there ? Is it easy to raise capital for small players.What do you think ?
 
#6
Yes agreed.As of now it seems a difficult thing to start a new hedge fund altogether and EU laws are strict.What are some of the challenges you faced while setting up HF there ? Is it easy to raise capital for small players.What do you think ?
- Authorization from financial supervision. If you do not have this, no legal way to raise capital from clients and work with it officially. But as told: Lawyer must do this part and will advise how to present the needed papers to make the task more easy.

- If you have connections to the right people, can prove that all is legal and that you do the work in a manner they can trust you as the prove is there, then you should have a fair chance to rise some capital. Now depending what you want in the long run (Only some money from private people you know or money from pension funds and so on, then you choose different ways) If you want to go for the second way, then best is to start as asset management with the right connections and go public in any way to raise such capital. That is the way it was done over here.

Take care and all the best / Dan :)
 
#7
- Authorization from financial supervision. If you do not have this, no legal way to raise capital from clients and work with it officially. But as told: Lawyer must do this part and will advise how to present the needed papers to make the task more easy.

- If you have connections to the right people, can prove that all is legal and that you do the work in a manner they can trust you as the prove is there, then you should have a fair chance to rise some capital. Now depending what you want in the long run (Only some money from private people you know or money from pension funds and so on, then you choose different ways) If you want to go for the second way, then best is to start as asset management with the right connections and go public in any way to raise such capital. That is the way it was done over here.

Take care and all the best / Dan :)
Thanks that means one has to basically partner with good international law firm that deals primarily hedge funds and get you in right places.
 
#8
Thanks that means one has to basically partner with good (international) law firm that also deals (primarily) hedge funds and get you in right places.
- As soon as you want to raise money from who ever you do not know, if now from private persons/investors or from any kind of institutions and even want to bring your HF officially in the market with a specific ticker symbol which identifies your HF/s, there is no way around this.

- If you just want to raise some money from your friends and partners and want to manage that as HF, but nothing more, you will need a bank, a broker and the power of attorney from each single one you raised money from (in case they do not act as whole group). As you will have to declare by the broker from where the money comes from (If bigger amounts you even will be confronted with "Money laundry" laws), you will have to inform them that you do trade this money from second or even third party peoples. If you plan to do it this way, then ask your broker and bank what papers they ask for, so that you can move on with your plan.

Take care / Dan :)
 
#9
- As soon as you want to raise money from who ever you do not know, if now from private persons/investors or from any kind of institutions and even want to bring your HF officially in the market with a specific ticker symbol which identifies your HF/s, there is no way around this.

- If you just want to raise some money from your friends and partners and want to manage that as HF, but nothing more, you will need a bank, a broker and the power of attorney from each single one you raised money from (in case they do not act as whole group). As you will have to declare by the broker from where the money comes from (If bigger amounts you even will be confronted with "Money laundry" laws), you will have to inform them that you do trade this money from second or even third party peoples. If you plan to do it this way, then ask your broker and bank what papers they ask for, so that you can move on with your plan.

Take care / Dan :)
I understand it will be difficult.
 

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