Best way to start a fund/partnership?

[bennycx]

Hey guys!

 

For those of you who are operating a fund or a partnership especially in London, what would be the best way to start out a small partnership of maybe around 5-10 partners? I'm looking to start a few small partnerships in the region of 50k pounds but it seems starting it up is the hardest bit. Seeking investors who are willing to stick with you for the long term seems to be difficult especially when you do not have a track record of some sorts. I tend to invest in very few stocks and trade very infrequently which makes my track record even less impressive in the eyes of most people.  Are there also any other regulatory and legal procedures one have to go through in order to operate a small partnership?

 

Cheers!