SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Meet Gene, a NASDAQ Market Maker
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Knighty Tin who wrote (1385)3/6/2002 9:31:43 PM
From: gene_the_mm   of 1426
 
KNIGHTY TIN

Thanks for your input. I have researched the hedge fund business thoroughly and am aware of the back-office fees you refer to. In my opinion, the most expensive fees are those involved in the audit process. The accountants literally (forgive the expression) rape you considering that ALL of the data is in .XL format to begin with and requires not much more than rubber-stamping what your clearing firm has already compiled (save private placement investments and the like which change the picture a bit).

What I want to do is round up some institutional brokers and institutional sales guys who can use their clout to swing some initial seed capital. The first million is the hardest - thereafter if you do what you are supposed to (hedge risk and beat the indexes) you can easily build on it, just like you said.

After 3 years the charters of the institutions allows them to invest in your fund (provided your track record is solid) and that is the REAL fun part.

Does anyone else have any thoughts on this?

All the best,

-- Gene
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News