Hedge fund on Ebay - yours for $70k !

[Jack o'Clubs]

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_W0QQitemZ120085952931QQihZ002QQcategoryZ46685QQrdZ1QQssPageNameZWD2VQQcmdZViewItem

 

[rog1111]

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.................... :cheesy:

rog1111

 

[Jack o'Clubs]

Hi Roger,

It wasn't so much the price as the fact that it was on Ebay that tickled me!

 

[Mayfly]

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

Cheers

Mayfly

 

[rog1111]

Hi Rob

Yes, quite !!!

Hi Roger,

It wasn't so much the price as the fact that it was on Ebay that tickled me!

 

[rog1111]

Since fund board meetings are supposed to be offshore, then somewhere in the Caribbean perhaps ?! A nice little 90 footer should suffice !!

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

Cheers

Mayfly

 

[TWI]

raising an absolute minimum of £1m to make it all worthwhile !

Better make that 50m

 

[rog1111]

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.....

Better make that 50m

 

[lightning bolt]

35K too expensive, ogiers can set you up for £23. Is their not a cheap lawyer. than this I'v saw ads for $15k but not sure if their particularly decent.

Also with a $1mil min investment that's only two customers. It must be pretty easy to find 100 people willing to invest £500k a pop surely.

2/20 and say a 20% return gives you $6mil a year in income. Not bad. My private jet awaits.