Hedge fund on Ebay - yours for $70k !

This is a discussion on Hedge fund on Ebay - yours for $70k ! within the General Trading Chat forums, part of the To Be Sorted category; Need a hedge fund? Unwanted Christmas gift (presumably) for sale on Ebay at the moment. Just add assets http://cgi.ebay.co.uk/Hedge-Fund_W0Q...QQcmdZViewItem...

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Old Feb 14, 2007, 6:49pm   #1
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Talking Hedge fund on Ebay - yours for $70k !
Need a hedge fund? Unwanted Christmas gift (presumably) for sale on Ebay at the moment. Just add assets

http://cgi.ebay.co.uk/Hedge-Fund_W0Q...QQcmdZViewItem
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Old Feb 15, 2007, 3:57am   #2
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Default Re: Hedge fund on Ebay - yours for $70k !
Maybe not quite so daft a price as it sounds, seeing as the cheapest Cayman hedge fund start up will cost around £25k, often far far more. Then there's just the little problem of FSA regulatory compliance, and, oh yes, finding "sophisticated" investors & raising an absolute minimum of £1m to make it all worthwhile ! Funny how they didn't mention that bit in the ad....................

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Old Feb 15, 2007, 4:01am   #3
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Default Re: Hedge fund on Ebay - yours for $70k !
Jack o'Clubs started this thread Hi Roger,

It wasn't so much the price as the fact that it was on Ebay that tickled me!
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Old Feb 15, 2007, 4:14am   #4
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Default Re: Hedge fund on Ebay - yours for $70k !
I guess Roger would be happy to charter one of his yachts for the board meetings?

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Old Feb 15, 2007, 6:56am   #5
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Default Re: Hedge fund on Ebay - yours for $70k !
Hi Rob

Yes, quite !!!


Quote:
Originally Posted by Jack o'Clubs
Hi Roger,

It wasn't so much the price as the fact that it was on Ebay that tickled me!
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Old Feb 15, 2007, 6:58am   #6
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Default Re: Hedge fund on Ebay - yours for $70k !
Since fund board meetings are supposed to be offshore, then somewhere in the Caribbean perhaps ?! A nice little 90 footer should suffice !!

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Originally Posted by Mayfly
I guess Roger would be happy to charter one of his yachts for the board meetings?

Cheers

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Old Feb 15, 2007, 9:08am   #7
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Default Re: Hedge fund on Ebay - yours for $70k !
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raising an absolute minimum of £1m to make it all worthwhile !
Better make that 50m
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Old Feb 15, 2007, 9:47am   #8
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Default Re: Hedge fund on Ebay - yours for $70k !
working on an offshore admin overhead of $40k per annum, this will remove ca 2% from the NAV on £1m, so not ideal and not really acceptable to the investors, but as long as the AUM can be increased reasonably quickly to say £3m min then this should be OK. Difficult business though, fund raising.....

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Better make that 50m
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