Tag Archives: start up

Battlefin is sharing a free fund template for download for potential a new start up quant and hedge fund

battlefin-presentation-deck template

I just got this from a Linked IN member. He is giving back with this neat template from BattleFin. I wish I could goto this FREE Matlab Computational Finance event in NYC.Thanks to him for sending.

 

 

Thanks for setting up that awesome Deltix webinar! Your stuff just keeps getting better! It the spirit of giving back, Battlefin is sharing a free fund template (attached)
                    (I don’t think I ever sent you this, but let me know if I’m wrong) I know your not there yet, but it’s still educational to view what investors may feel is important.

   Best regards,

 

   PS: Got the Matlab all day conference at the Marriott in Times Square today. It should be fun.

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.NET quant development Meetup, Networking, and start-up pitch session

.NET quant development Meetup, Networking, and start-up pitch session

The first meeting is scheduled for March 7th and it will be held at WorkplaceOne in Toronto.  The address is listed below.

I’m still working on getting a guest speaker from Microsoft from the Visual Studio ASP .NET product team.

I’m proposing the format for our meetings should be 6:00pm-8:00pm and details should as follows:

Meetup, Networking, and start-up pitch session

Wednesday, Mar 7, 2012, 6:00 PM

Location details are available to members only.

17 Members Went

Hi Everyone,The first meeting is scheduled for March 7th and it will be held at WorkplaceOne in Toronto.  The address is listed below.I’m still working on getting a guest speaker from Microsoft from the Visual Studio ASP .NET product team.I’m proposing the format for our meetings should be 6:00pm-8:00pm and details should as follows:WORKPLACE …

Check out this Meetup →

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What would you say is the best way to raise AUM for a start up hedge fund in the current environment?

What would you say is the best way to raise AUM for a start up hedge fund in the current environment?

 

have you posted this link anywhere else? It would be good to see more votes. I could venture an opinion that a startup HF will have a hard time raising money from other hedge funds.

 

Yes I have but take up has been slow. It is an interesting question that I would live to see answered by our financial services community. Any ideas for exposure greatly appreciated

 

Unfortunately you do not have the selection of “Buying a lottery ticket” so it is impossible to vote for any of the above. I am sure there are 100’s of people trying to do the same but…..

 

Offshore hedge fund formation starts here….http://franknagyfinancialservices.com/offshore-hedge-fund

 

 

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What will they think of next? Gorillas and apes with Apple Ipads? To all start up entrepreneurs, do I hear an opportunity?

What will they think of next? Gorillas and apes with Apple Ipads? To all start up entrepreneurs, do I hear an opportunity? We could call it ApeBook.com
http://www.youtube.com/watch?v=3KGrXZ5pWko

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Hooray #1 legit news site Bloomberg says start ups rebounding to 2008 levels

Hooray #1 legit news site Bloomberg says start ups rebounding to 2008 levels.

I have involved with internet marketing and crummy start ups that don’t pay. My only source  I will now pay attention to is Bloomberg. If you are not listed there, I am not interested as you have not ‘arrived’ Sorry, I just don’t trust others for the sub-par stories I see out there. I trust no other source other than Morningside.

Now onto the the good news is the above title. It looks good so we should be running in the streets naked.

http://www.bloomberg.com/news/2011-04-21/startups-cater-to-startups-as-venture-funding-rebound-fuels-internet-boom.html

 

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Who is into bootstrapping start up? Self funding startup entrepreneurs wanted!

Just leave a comment bloew. I may some very surprising news for anyone who fits this bill.

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Is this the best way to start up a quant hedge fund or prop shop anywhere?

Is this the best way to start up a quant hedge fund or prop shop anywhere?

A great discussion I came across within a new Hedge Fund group I just joined within Linked In.
ou don’t need any sort of trading history to register as a hedge fund. Pretty much any Joe Blow with money to pay a lawyer can establish a hedge fund. You will most likely need/want the trading history for marketing purposes.
Regarding that, you have a few of options. Probably the easiest would be to go ahead and establish a relationship with a fund administrator when you start trading the private account. Depending on what your fee structure will be when you actually launch the fund, the admin. can/will analyze your monthly trades and calculate your hypothetical net asset value as if you’re already operating as a fund. So, if you’re going to use the standard 2/20 fee structure, the admin. will hypothetically pull out those fees to give you an pretty good idea what your monthly returns will be net of management and incentive fees.
If you want to use the private account’s returns for marketing the fund, you’re going to have to pay for verification or an audit of those returns anyway, so you might as well get in front of the eight-ball and do it from day one. It will probably save you money to pay the admin. monthly, as opposed to paying them to go back in time and verify trades that may be hard to value.
If you’re trading on exchanges and have brokerage accounts (stocks, options, forex, etc.), it shouldn’t be hard to do any-of-the-above. If you’re trading more abstract instruments, I would strongly recommend getting on board with an admin. before you start with the private account. Depending on your assets under management, what you’re trading, and how hard you bargain shop, you’re looking at paying anywhere from $500 – $15,000 per month for new fund administration. As you will see, necessary fees like admin. costs can eat up profits pretty quickly. I hope that helps!
As a proprietary trader, I went through the process of having my prop account audited for a marketing document, but the truth of the matter is, raising seed capital and establishing a track records as a “Fund Manager” is what matters to institutional investors. If I were you I would put your capital into a brokerage account under the funds name and “internally launch” the fund, thus establishing a track record as a fund and paying for the audit monthly through a 3rd party admin firm. This would take place after establishing the domicile and acquiring all legal docs. through the state/country you are domiciled in as well as docs for the sale of fund interest which you will want to hire a lawyer to do, and a business plan written by management, in extreme detail.

Launching an ‘incubator fund’ may be an ideal solution for you guys. In fact, it’s a great way to ‘wean’ into a full-fledged hedge fund, and is a really popular approach these days. The process is simpler, and start-up costs are considerably lower. It gives you the flexibility of time to develop your business plan & final Fund offering docs, and it enables you to build a performance record with your own funds before going live with investors, which you can in-turn provide to potential investors. It is restricted in terms of not allowing you to take on outside investments for compensation during the incubation phase, but it doesn’t sound like this is an issue for you since you’ll be trading out of a private account
Check out www.etops.ch or drop me a mail. We are working with new HFs, set them up plus operate them very efficiently on an outsourced basis. Result is full institutional stability from the outset at very efficient costs.

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From the mind of Famous Adgrok start up on his thoughts a quant within his Goldman Sachs career day #quant #goldmansachs

From the mind of Famous Adgrok start up on his thoughts a quant within his Goldman Sachs career days

I liked the title of this post
http://adgrok.com/why-founding-a-three-person-startup-with-zero-revenue-is-better-than-working-for-goldman-sachs
It seems the author has given up his quant days at Goldman Sachs. I have posted three items today on Goldman Sachs so it seems kind of unappealing to want to work there. As you may read in this article, there are claims of the average salary at Goldman Sachs to be at five hundred thousand. Last year was six hundred thousand plus, pretty nice! This includes the mail clerk. But let’s get to more juicy gold nuggets and gems from this article:
The traders were crafty and quick-witted, but technically unsophisticated and with the attention span of an ADHD kid hopped up on meth and Jolly Ranchers. And the quants (strategists in Goldman speak)? Mostly failed scientists (like me) who had sold out to the man and suddenly found themselves, after making it through two years of graduate quantum mechanics, with a bat-wielding gorilla peering over their shoulder (that would be the trader) asking them where their risk report was.
To cite a particularly grotesque example, once a year, one of the partners would buy a pallet of White Castle burgers and first-year analysts and associates would have a burger-eating competition (with some nominal amount donated to charity). All trading on the Goldman Sachs trading floor would stop as every man on the floor would gather ’round to watch the plebes stuff themselves.
The odds-on favorite was a young analyst, who’d employ the Kobayashi technique to get the tiny greasepucks down. After sweeping the field with 26 burgers eaten, he’d leave the styrofoam cup containing a congealed scum of burger grease and bun and patty bits floating on top, as mute testimony of his victory. The trading floor smelled like the inside of a deep fryer for the whole day2.
So, come mid-December, everyone on the desk lines up outside the partner’s office, like the communion line at Christmas Mass, and awaits their little crumb off the big Wall Street table. An entire year’s worth of blood, sweat, and tears comes down to that one moment. And the entire New York economy marches to the beat of that bonus drum.
Without that number though, your privileged place in the New York hierarchy goes away. Gone is the house in the East Hamptons. Gone is the $2mm duplex on the Upper West Side. Gone is your kid’s $25K/year pre-school.
And that’s why Wall Street has that roach motel property: people check in, but rarely check out. By the time you’ve been through a couple of bonus cycles and seen that wad of cash hit your bank account in mid-January, you can’t imagine a life without it. And that’s exactly how the senior management at the Wall Street banks like it.
Here are so many more quotes in here I could have gone on about. So it check it out.

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