Two Plus Two Publishing LLC
Two Plus Two Publishing LLC

Go Back   Two Plus Two Poker Forums > >


Business, Finance, and Investing Making money, investing in markets, and running businesses

Thread Tools Display Modes
Old 06-17-2018, 08:47 AM   #1
Join Date: Oct 2013
Posts: 10
Starting a Hedge Fund

Hello all!

I live in US and have been trading my own money with success for a while. Recently my business partner and I decided to apply this to other people's money as well while keeping a percentage of gains. So how do we go from here to there?

We are considering a fiduciary account approach: where the funds in an account belong to the client, but I have access and permission to trade the account. This will probably be done through Interactive Brokers that allow fiduciary accounts.

We are considering consulting a professional to help us navigate all the legal and logistical hurdles. Should we be speaking to an accountant or a lawyer?And which type specifically?

On our end, do we need broker licenses? And which specifically? Series 7, etc.

If US has too many hurdles, can we take this abroad? If so which counties would you recommend?

Thank you.
sk00p is offline   Reply With Quote
Old 06-19-2018, 12:55 PM   #2
Join Date: Jun 2008
Location: MN
Posts: 546
Re: Starting a Hedge Fund
BCI23 is offline   Reply With Quote
Old 06-19-2018, 01:31 PM   #3
Carpal \'Tunnel
ToothSayer's Avatar
Join Date: Jul 2015
Location: BFI Thought Leader
Posts: 6,824
Re: Starting a Hedge Fund

lol @ starting a "hedge fund" - really more an advisor trading on behalf of a client - without getting legal/accounting advice.

I'd informally speak to an accountant who does securities work. He'll tell you what you need. You could probably even partner with an accountant to take care of these legalities. It won't matter if you're skirting close to the law while the market goes up, but you can be sure some cuck will get salty when you lose their money, which you will sooner or later.

As for taking it abroad, it depends on your client base imo. If you're serving US clients I'd follow US law, because it usually finds a way of applying to you. That said, there are lots of jurisdictions that aren't as strict and where you can manage people's money without jumping through Series 7 hoops.
ToothSayer is offline   Reply With Quote


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -4. The time now is 01:14 AM.

Powered by vBulletin®
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Copyright ę 2008-2017, Two Plus Two Interactive
Poker Players - Streaming Live Online