Evolveus Posted July 9, 2014 Share Posted July 9, 2014 There was a great discussion on VIC a while back about what it would take to start your own fund from admin, to compliance, to AUM, to having results audited. I thought that one of the most practical suggestions that I found there was set up a Delaware LP, then an LLC to to be the manager of the LP. Use the LP to open an account at say IBKR, then start tracking performance and eventually have it audited. Also someone mentioned write quarterly letters as if they were actually going out to shareholders (whether you have any or not), ie. take it seriously. To me that sounded like a good logical first step before getting into the minuate of backoffice support/compliance which it seems can be outsourced. Then there is also the small issue of sucessful investing! I'm waiting on my EIN for the LP and then I'll get started tracking. To what extent do you think this is good / bad/ waste of time etc.? Also, there won't be much money to start with. How important is the AUM to credibility at the onset? Thanks. Link to comment Share on other sites More sharing options...
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