Investment

wasp

wasp

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Afternoon all!

I am a greedy sod, no doubts. Now I have my trading down, I have been re adjusting to maximize returns for minimal exposure and risk etc for the new year and have, to coin a phrase, a cunning plan.

Now whilst I can go it alone and earn plenty, I want more! I don't want to commit myself to an arcade or firm which leaves only one option if I want to add zeros to my returns.

Any ideas? I can't decide if starting a fund is the way to go or just go with a small private equity firm or what! I wouldn't get a loan for the amounts I am after plus there is no 'forex business angels' site..... Where do you find people interested?

Offering 50% ROI annual a year on bulks of 50k GBP.
 
wasp said:
Where do you find people interested?
Offering 50% ROI annual a year on bulks of 50k GBP.
Click to expand...
I'm good for a tenner! Hey, don't knock it - you gotta start somewhere!
:cheesy:
 
Mate what I would do is present your track record round some of the hedge funds.

Eg I remember having read that Paul Tudor Jones treats his traders almost as well as if they'd start their own hedge fund.

Which gives you all the upside, but none of the client or staff management downside which can be a real bummer I'd imagine.

And often these guys will actually seed you and invest in your own hedge fund if you do decide to set up on your own after all.

And with your track record I have zero doubts that you're somebody a lot of people would be VERY interested in !!!

Go chat up some players.

Keeping in mind that this is a very hard time now apparently with some saying that almost only one third of current hedge funds will survive due to recent bad numbers, many investors withdrawing funds etc.

But nothing ventured, nothing gained.

BEST OF LUCK MATE !!!
 
Cheers Markus,

I'm only interested in being seeded by players(!) :eek: rather than having any ties other than ROI. Easier said than done!

Not sure whether showing my track record to them would give me the money and the freedom I want which is more important than having the extra capital.
 
Re-mortgage the house.

"What do you want the money for?"
"To fit a new kitchen... her indoors..."
Watch bank manager nod knowingly and press the yes button.
 
shadowninja said:
Re-mortgage the house.

"What do you want the money for?"
"To fit a new kitchen... her indoors..."
Watch bank manager nod knowingly and press the yes button.
Click to expand...

Don't think my house is quite worth what I am looking for in total!
 
Everything has pretty much changed now so who knows what the rules are these days, but apparently there are people or even some prime brokers who do nothing than connect talent with funds...

The downside is that they want their (ongoing) slice of the cake you keep making, either through owership, or through sharing of your management and performance fees, which can really eat into your bottom line.

EG I read somewhere that some allocator who can really provide you with Big Time Funds - or at least could before the current mess - wants your full management fee for himself, so if you charge the regular 2 and 20 thats the two down the drain already, and on top of that his share of your 20% performance fee.

I think TWI and grantx know a lot about these things.
 
wasp said:
I am a greedy sod, no doubts. Now I have my trading down, I have been re adjusting to maximize returns for minimal exposure and risk etc for the new year and have, to coin a phrase, a cunning plan.
Click to expand...

Are you subbing all your trading out to Depth Trade? :cheesy:
 
Going rates NOW... No Man fees and a 10% HWM perform fees.

WASP,
Are you only looking for OPM? Have you already tried the scaling business model (business loans, PPM, Friends and Family) first?
 
luckyd1976 said:
Going rates NOW... No Man fees and a 10% HWM perform fees.

WASP,
Are you only looking for OPM? Have you already tried the scaling business model (business loans, PPM, Friends and Family) first?
Click to expand...

Hi,

Not sure what the first sentence mean but.....

Yes, OPM... Mainly because I want +£1mn and only half way there. I have no friend or family with that much disposable wealth who aren't already considering it and last time I tried to get a business account with Barclays, they said I have to have +£2mn before I am allowed an account because of the 'nature of the business' so a loan is definitely out the question!

The only other business finance would be 'business angels' and they can go jump if they think they are getting +40% of my business, and then try and tell me how to do it!
 
wasp said:
Hi,

Not sure what the first sentence mean but.....
Click to expand...

Fund of Funds managers are making the new blood swallow their man fees and only paying out (right now) a 10% profit sharing fee with a High Water mark for compensation.

wasp said:
Yes, OPM... Mainly because I want +£1mn and only half way there. I have no friend or family with that much disposable wealth who aren't already considering it and last time I tried to get a business account with Barclays, they said I have to have +£2mn before I am allowed an account because of the 'nature of the business' so a loan is definitely out the question!

The only other business finance would be 'business angels' and they can go jump if they think they are getting +40% of my business, and then try and tell me how to do it!
Click to expand...

I dont know about UK but many startup traders here in US have launched successful trading OPS with far less than 500k. What asset classes? Style? etc...

It was easier for me to raise money once I started building the business (business profile, business credit, and collateral) than it was just asking for OPM.
 
luckyd1976 said:
Fund of Funds managers are making the new blood swallow their man fees and only paying out (right now) a 10% profit sharing fee with a High Water mark for compensation.
Click to expand...

10%... Seems hardly worth getting out of bed for.

luckyd1976 said:
I dont know about UK but many startup traders here in US have launched successful trading OPS with far less than 500k. What asset classes? Style? etc...
Click to expand...

I could go it alone in the new year and bring in plenty but I am greedy no doubts, and whilst I have the skills, time, dedication, enthusiasm and desires, I would like to make as much as possible. Just makes good business sense.

I trade solely and exclusively in GBPJPY and 2-3 days in a week maximum. Intraday swinging with a twist but don't want to bombard the thread with details of my style. Its unique yet simple to put it in a nutshell.
luckyd1976 said:
It was easier for me to raise money once I started building the business (business profile, business credit, and collateral) than it was just asking for OPM.
Click to expand...

Not trying to start a major HF so no business profile as such to build up, just private equity with a handful of decent investors from the outset will be it. I am mainly throwing it out on here at the moment to get ideas and thoughts as this is not something I am clued up about and want to see if it is plausible before I set things up properly.
 
wasp said:
10%... Seems hardly worth getting out of bed for.
Click to expand...

Going it alone right now is the best, definately 10 w/HWM is not worth it!

wasp said:
Not trying to start a major HF so no business profile as such to build up, just private equity with a handful of decent investors from the outset will be it. I am mainly throwing it out on here at the moment to get ideas and thoughts as this is not something I am clued up about and want to see if it is plausible before I set things up properly.
Click to expand...

Are these LPOA or bundled accounts? If bundled, do you have a PPM?
 
luckyd1976 said:
Going it alone right now is the best, definately 10 w/HWM is not worth it!



Are these LPOA or bundled accounts? If bundled, do you have a PPM?
Click to expand...

Neither at the moment as the funds I use are pooled into one account and only family and close friends. They would be bundled if enough interest is shown and I choose to continue.

I don't have a PPM as yet as this is still early stages and I don't know, if at the moment, I can raise enough to justify continuing.
 
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