Is there any way of bypassing the legal fees of starting a hedge fund? - starting a fund
Is there a way, a hedge fund to start without having to pay $ 30,000 for attorney fees?
Starting A Fund Is There Any Way Of Bypassing The Legal Fees Of Starting A Hedge Fund?
2 comments:
Not if you could grow a sponsor and investor who is willing to fund and pay an option only if you are a very good reputation in the industry have extensive experience and follow a sort of compromise recording quality. As the previous poster had already pointed out, is the least of the problems, you must register with the SEC as a registered investment advisor, you need a fund manager for the Fund is available for a strike, you have a solid accounting of financial statements company has a watch in the custody of assets, and have a firm to offer prime brokerage accounts to make real business. In general, the cost of setting up a hedge fund range from $ 100,000 - $ 200,000.
except that 30k is the easy part;
Then you must be a registered investment adviser (if the securities should be for others)
You must use your 7-Series
You need customers, and you will get nothing without a CFA and a Masters in Finance at a minimum
You need a balance of several years
You have to convince millions of people who are smarter than them. That is all you? If so, good luck
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