How can a prop firm raise capital from friends without having a hedge fund license? | Traders Hideout


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How can a prop firm raise capital from friends without having a hedge fund license?

  #4 (permalink)

Jacksonville, Florida United States
 
Trading Experience: Intermediate
Platform: NT8, Fully custom
Broker/Data: NT Brokerage, Interactive Brokers
Favorite Futures: ES
 
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Posts: 75 since Dec 2014
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Start reading about incubator funds. These are what I think you're looking for (your own money, without big $$$ of full hedge fund). If you're successful, then you can convert it into a full fund. As soon as you trade other people's money, you have to become a full blown fund. Full blown funds allow slots for friends and family which can be different terms that your standard well qualified investor.

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