Hedge Answers

i.e. do hedge fund focussed law firms provide a good path to partner up with rather than going it alone

My startup capital is very small (<$1mn) and my regular broker can’t provide any large overdraft / line of credit.  Looks like I can’t do without a prime broker.  Any list of mini-primes out there?  I prefer smaller players.

Thanks
p.

I’m not just referring to the fiducary responsibility, but what will be the additional issues that need to be addressed, record keeping, tax reporting, performance fees etc.??? We have more ERISA $$$ interested in our start up than Non-ERISA $$$.

I currently have about $200,000-$250,000 of securities I am putting in myself and have about $1-2 million in prospective clients from family. I do want to expand as soon as possible to outside family clients. I’ve contacted one of the larger prime brokers and they’ve asked for a business plan and a presentation. I wanted to know what is needed to get everything started, where to start, and if I have enough money just from my securities to get things flowing in the first year?

Thank you