tag:blogger.com,1999:blog-2335748440449035592.post6082585677245559238..comments2008-04-17T12:45:40.595-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-2335748440449035592.post-83316837743562310722008-04-17T12:45:00.001-04:002008-04-17T12:45:00.001-04:00BD? I think you typed<BR/><BR/>Trap is spelled T-R-A-P, not T-I-P. Thanks for the trap on DAL!TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-79518291653511140582008-04-17T12:45:00.000-04:002008-04-17T12:45:00.000-04:00thanks, if you wouldn't mind city/state please.<BR/><BR/>Expenses probably will start in the 1.5-1.7% annual fee range until assets grow to a high enough level to lower them. No 12b-1 (marketing) No front load (yuck) or anything like that. Thanks.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-74054494845750172342008-04-17T11:34:00.000-04:002008-04-17T11:34:00.000-04:00I pledge $10K - may increase as I learn more details (expenses, etc.)JPASSANAhttp://www.blogger.com/profile/17217180165363460841noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-65643739776270503002008-04-17T11:13:00.000-04:002008-04-17T11:13:00.000-04:003%?!! After I gave you that big DAL tip?!! Unbelieveable. LoL.Bluedoghttp://www.blogger.com/profile/13620622716492473197noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-68109503909849553262008-04-17T09:20:00.000-04:002008-04-17T09:20:00.000-04:00@Guy, my comments are directed to the ivory tower folks not the normal people in NYC. In fact I think with the high cost of living there they have it very tough. I did get a 2nd NYC via email last night, but yes it is ironic 20% of my US readership is from NYC/NJ but only 2 commitments :) Must be a lot of investment managers looking for ideas ;)<BR/><BR/>@shaxmatist,<BR/>I'd like to do a hedge fund someday as well - long-short equity; there have been great shorts that we have not been able to take advantage of since August. Further the hedge fund is far cheaper, far easier to start, and just so much easier. But the same problem exists for both structures - need to attract investors. And in hedge fund world your investors need to be very well off people with certain net worth and annual incomes. So it's hard enough just to attract normal everyday people. If you don't have a certain pedigree, with a certain i-bank background, people just don't want to give you a chance. Because as we all know, credentials mean everything ;) I just read 76 hedge funds are already out of business YTD. Granted that is out of 1000s, but hey they were all "great pedigrees".<BR/><BR/>As for customer service and all that, that will all be 3rd party - hence my expenses will be higher since I won't be doing that. All I plan to do is manage and then when assets grow large enough I'd like to hire some analysts who are in same shoes as I, people who are relatively bright, passionate and would never get a chance with the way it is set up now where most people are frozen out of the process. But thats the only employees I'd "hire", all back office stuff will be 3rd partied.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-81583150715027025712008-04-17T04:35:00.000-04:002008-04-17T04:35:00.000-04:00Hi, sign me up for your fund, <BR/>3k, <BR/>Mac, <BR/>Bellevue,WAmachttp://www.blogger.com/profile/05761126997899415130noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-53165721721499966372008-04-16T23:41:00.000-04:002008-04-16T23:41:00.000-04:00Curious why you decided to open a mutual fund vs hedge fund? Mutual fund regulations are so restrictive. You can accept small investors into a mutual fund, thats a plus, but really, how many investors with $5K each do you really want to have? Think about all the customer service you'll need to take care of...shaxmatisthttp://www.blogger.com/profile/07220757563758396222noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-18548426566854946252008-04-16T21:13:00.000-04:002008-04-16T21:13:00.000-04:00You can bump my committment up to 20KShenghttp://www.blogger.com/profile/01519985991268471033noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-23346257526321522592008-04-16T20:54:00.000-04:002008-04-16T20:54:00.000-04:00Mark: A lot of times in your comments you speak of NYC v. main street. When you look at your list, you have 1 NYC listing. As I said before, the door is locked and the key has been thrown away. But with persistance it will come down!!Guyhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-34910221376636840412008-04-16T19:57:00.000-04:002008-04-16T19:57:00.000-04:00BD,<BR/><BR/>probably going to need to start higher and then move down as assets grow. Probably somewhere in mid 1s to begin, then drift down from there with growth >$50M or so. <BR/><BR/>I'll also have to see what my true yearly overhead is after a year - what the "advice" is versus what the reality is might be very different. Frankly I've been surprised to see most domestic funds still in the 1-1.30 range - its sort of an outrage in the big shops that have 50-75+ funds - they have so much money to spread their overhead over yet still take a big % (other than Vanguard and a few other funds) Harder for smaller shops with say 2-5 funds, but even some of them have lower fees than the big boys.<BR/><BR/>For you, it would be 3% though.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-32586320516665959962008-04-16T19:19:00.000-04:002008-04-16T19:19:00.000-04:00What's your expense ratio?Bluedoghttp://www.blogger.com/profile/13620622716492473197noreply@blogger.com