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>>I am soliciting 10 people to be given 500,000.00 each in funds to manage.
>>
>
>Hi Mark,
>this sounds pretty interesting. So I'll bite. Is it a contest or something?
Not exactly a contest, where maybe total percentages of returns would be the
deciding factor of who wins. But rather a TALENT search for serious
upstarts that wish to eventually trade 100's of millions of dollars. The
outcome of all this may lead to their being several winners. A winner in my
mind would be someone who not only makes a profit, but also can control
drawdown to a tolerable level. Many traders can make money, but you would
never get to enjoy it because the clients would die of a heart attack while
on the trip. So I cant say if there would be a winner or not, all 10 of the
CTA's picked maybe winners. They maybe all losers, but if the profits are
there and the drawdowns can be tolerated and contained within the confines
of how they are represented at the outset. Then somebody(s) will be very
happy if they want a shot at MUCH bigger capital to trade. This is not a
publicity stunt put on by some brokerage firm ect. its a serious talent
search, there is much more that I am not able to tell at this time. All
registered CTA's in good standing are welcomed to submit real or
hypothetical performance along with a disclosure document.
>May I assume that the standard %20 incentive fee applies?
the disclosure document that you send should spell out the appropriate
fees that a money manager would want to charge. i would caution that the
fees ect. will have a direct impact on a traders net profits to the client.
so while large fees maybe paid if you wish it will not benefit your long
term relationship at all. the typical 2/20 is favorable or any variation
of those numbers that is close would be preferred. then again each case
will be considered individually.
ps while you would think i have had thousands of offers, i actually have had
less than ten so far. so if someone knows of some money manager that believ
es he can produce exceptional returns then please have them contact me.
mailto:half-a-million@xxxxxxxxxxxxx
mb
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