/biz/ - Business & Finance

[Anonymous No.958494]

starting up a hedge fund so i can marry this little girl
raised 1.2mm so far
trading futures right now with an algorithmic strategy. I'm 29 with a MS in mathematics from a mid-tier school, partner is a 22y/o with a BS in statistics from a top school

advice on how to raise more money?
any good conferences?
how to meet high net worth individuals?
located in Texas right now but thinking of moving to california or nyc

[Anonymous No.958495]

>raised 1.2mm so far
I see why you need the money.

[Anonymous No.958500]

>this little girl
The one in the Forever 21 and $5 sunglasses? Yea, you certainly do need to raise some money.

>thinking of moving to California or NYC
Do NYC. California exists for people who couldn't make it in the Northeast (with the rare exception of Silicon Valley)

[Anonymous No.958501]

>>958495

yeah its not much in terms of hedge funds but i doubt you could raise 1.2mm! its hard work! took us 6 months to find 2 semi large investors (100k+) and 7 small investors (~20-50k)

don't hate man

[Anonymous No.958504]

i know she's got cheap clothes on but shes a diamond inside, that's what matters

[Anonymous No.958516]

She told you she's not marrying you unless you are running a hedge fund?

[Anonymous No.958517]

Are you in houston op?

[Anonymous No.958527]

>>958494
https://www.youtube.com/watch?v=62R1LHQtkns

[Anonymous No.958529]

>>958504
Can I ask, why do you need money to marry her?

Like shes not a business m8, the only capital you need is yourself, a little charisma and loyalty

[Anonymous No.958548]

>>958494
>starting up a hedge fund so i can marry this little girl


Startin up a business regardless of its nature is cool and you deserve respect for it.

Wanting to marry the girl you love is cool and you deserve respect for it.

But those two things are absolutely not related. If you think so, or if she makes you believe, then you rather focus on only 1 thing on that list.

Protip: Choose the hedge fund.

[Anonymous No.958555]

>>958495
She looks like a generic fuck head OP. Ditch her now, she'll take you for everything you have within 10 years.

[Anonymous No.958556]

lotta hate here.

[Anonymous No.958557]

>>958494
>Claims to have raised 1.2 million
>Asks how to raise money on a shitty chinesse message baord for neets
If you're telling the truth which you probably aren't how the fuck did you convince people to give you 1.2 million?

[Anonymous No.958559]

>>958494
1.2millimeters won't get you very far.

[Anonymous No.958560]

>>958494

1.2 million will get you absolutely nowhere.

Do you have asset management, IB, or quant strat experience?

If you don't why are you starting up a hedge fund? You read a book and want to make a bunch of money? No serious investor is going to invest in two idiots with no experience.

[Anonymous No.958563]

>>958556
OP is going to end up in the gutter because he can't control his dick feels. Hahaha.

[Anonymous No.958565]

lottaaaaa hate here

[Anonymous No.958567]

i just wanted to try out this board and see what's up. asked a legit question, posted some facts, get hated on...
oh well. have a great life guys! i love the hate, keep it coming, its motivation

tell me i cant do what im going to do, please

[Anonymous No.958568]

>>958565
>>958556
Lottaaaaa faggotry here from op
Srsly op is either lying or an extremely lucky retard.if you're being serious why the fuck are you doing all of this for some mediocre slut and not yourself.

[Anonymous No.958571]

>>958567
>Claims to have raised 1.2 million
> Offers zero proof or evidence to back up this claim
>Starts bitching that no one is taking him seriously

[Anonymous No.958579]

>>958568
>>958571


keep the hate coming!
love it
my girl is so cute

[Anonymous No.958580]

>>958567
first of all you are beta male and she is going to waste your money even if you get billions of dollars because you are not capable of figuring your way out.Now gtfo lad

[Anonymous No.958582]

okay man here's what you gotta do


real talk


so like
I'm gonna give it to you straight up

no sugar coating


think you can handle it?
you sure bud?
okay so here it goes
this is what's up
listen closely


you gotta


get the fuck out nigger

[Anonymous No.958588]

>>958579
This has nothing to do with business. You've made a thinly veiled troll/humblebragging thread.

If you ACTUALLY need advice on the things you're asking for then you probably shouldn't be doing it. Your questions are shit you should know day one of your endeavor.

Also, that girl is very pretty and if real congrats but you should do your absolute best for yourself, not her. If she has monetary requirements for her to be with you. Come on son.

>I took the bait

[Anonymous No.958593]

>>958494

>he started a hedge fund so he could marry/divorce/lose half his shit to a 6/10
>in texas

[Anonymous No.958601]

>>958555
This. Please OP don't fall into the trap i fell into. I divorced my cheating ex-wife, she got a fucking jew lawyer, took my house, car, 2 kids and 50% of my income for life by saying the reason she slept with another man is that i wasnt "emotionally available enough" If i could go back i would do so in a hearbeat.

[Anonymous No.958606]

>>958494
You reminded me of this reply.
Thank you, now I am in good humor.

"A philosophical reply from CEO of J.P. Morgan below:

Dear Ms. Pretty,
I have read your post with great interest. Guess there are lots of girls out there who have similar questions like yours. Please allow me to analyse your situation as a professional investor.
My annual income is more than $500k, which meets your requirement, so I hope everyone believes that I’m not wasting time here.
From the standpoint of a business person, it is a bad decision to marry you. The answer is very simple, so let me explain.

Put the details aside, what you’re trying to do is an exchange of “beauty” and “money” : Person A provides beauty, and Person B pays for it, fair and square.
However, there’s a deadly problem here, your beauty will fade, but my money will not be gone without any good reason. The fact is, my income might increase from year to year, but you can’t be prettier year after year.

Hence from the viewpoint of economics, I am an appreciation asset, and you are a depreciation asset. It’s not just normal depreciation, but exponential depreciation. If that is your only asset, your value will be much worse 10 years later.

By the terms we use in Wall Street, every trading has a position, dating with you is also a “trading position”.
If the trade value dropped we will sell it and it is not a good idea to keep it for long term – same goes with the marriage that you wanted. It might be cruel to say this, but in order to make a wiser decision any assets with great depreciation value will be sold or “leased”.

Anyone with over $500k annual income is not a fool; we would only date you, but will not marry you. I would advice that you forget looking for any clues to marry a rich guy. And by the way, you could make yourself to become a rich person with $500k annual income.This has better chance than finding a rich fool.

Hope this reply helps.

signed,
J.P. Morgan CEO"

[Anonymous No.958627]

>>958582
Kek

[Anonymous No.958634]

>>958494
>with an algorithmic strategy
Specifics?

Also, what are your back tested returns and live tested returns?

[Anonymous No.958637]

>>958634
>Also, what are your back tested returns and live tested returns?


Backtest Shmacktest. Forget backtests. They are like Wonderbras. Nice to look at but you never know what you get until you see it live. source: I'm a HF PM.

[Anonymous No.958640]

>>958606
I first saw this post on Dealbreaker long ago.

[Anonymous No.958641]

>>958637
I agree but it's better than nothing. Just to get in the ball park.

What does your shop do?

[Anonymous No.958645]

>>958641

Arbitrage in equity derivatives. We used to be a fairly profitable prop/market making desk in a bank. Got pushed out of the door after '08 and opened up our own shop. Because we could and wanted to, not because of girls ;-)

Every now and then, there's a young and aspiring kid trying to sell us his algo. When we ask 'em to throw in some real money and join our team - since all those backtests are shiny and brilliant - they always refuse.

[Anonymous No.958668]

>>958645
>Arbitrage in equity derivatives
Didn't even know those trades existed anymore. You guys must have speed. How much capital you running?

[Anonymous No.958669]

>>958645
How about trend following systems with an eye on fundamentals? What do you think about them?

[Anonymous No.958690]

>>958668
Why would they not exist anymore? There is no app to deploy efficency in different markets. It's guys like us. Regardless whether they use a bank, a trading company or a fund as a vessel.

You will have to understand I am not disclosing any information that could be traced back. Let's put it that way. We have significant smaller funds than we used to have to back in the bank, but since we don't have to finance huge overhead, we make more for ourselves while increasing the company's equity surplus. We're all happy.

>>958669

Since we have a completely different approach, what you describe is rather esoteric (to us). Never looked into it, never cared. But yes, we are aware there are folks out there believing in it, and in the best case are able to extract money out of the market. If it works for you, fine.

[Anonymous No.958703]

>>958504
>i know she's got cheap clothes on but shes a diamond inside, that's what matters
Yeah man, she looks nice and shit but she WILL leave you, it doesn't matter how attractive or funny you are, and if you do become a multimillionaire you can fuck better looking girls with ease

[Anonymous No.958709]

>>958690
>Why would they not exist anymore?
Because the large outfits already arbitraged away all those plays. At least that's what I thought. I'm surprised a small outfit can take those trades. Unless you're just picking up dimes in front of a steam roller.

[Anonymous No.958736]

>>958709
Uhm, you do realize that US banks are not allowed to maintain prop desks anymore? And that most Eurobanks had to increase their equity and also reduced their trading activites significantly?

It's not like a gold rush out there, but there is a clear shift towards market fragmentation, since there are no longer such things as "large outfits" ...

[Anonymous No.958768]

>>958501
I'm guessing they're all family

Hate to break it to you but you'll never land pension funds with no track record, experience, or connections

tl;dr give up

[Anonymous No.958774]

>>958557
that's pennies, that's like 5k at most in income for OP in management fees
assuming he makes money, which given the fact that he's doing algorithmic futures trading, he won't

[Anonymous No.958779]

>>958556
desu, most people here are just bitter faggots who cant stand the idea that someone out there their age is actually making it

[Anonymous No.958782]

>>958736
i think he means large outfits like kcg, not large banks

[Anonymous No.958783]

>>958690
So what you're doing cash and carry arbitrage?
there are no spreads in futures and it's on a centralized market

If'you're OP you're definitely bullshitting

[Anonymous No.958850]

>>958736
I was taking about the buy side.

[Anonymous No.958862]

This
>>958548

[Anonymous No.958866]

>>958559
Under rated.

[Anonymous No.958889]

>>958494
implants, makeup ...pass
natural is best

[Anonymous No.958903]

>>958601
>not exercising your 2nd amendment rights as a real burger
>one clip, two targets. Even your McD oiled fingers can hit that.

[Anonymous No.958973]

>starting up a hedge fund so i can marry this little girl

Hold on ,explain this op.

[Anonymous No.958976]

>>958973
dude are you chinese or what?

[Anonymous No.958984]

>I have to become rich before she'll let me marry her
>implying she's not just in it for money
>implying she gives a shit about you
>implying she's not going to leave, taking the children and money ASAP
>implying she's not going to just fuck your shit up
Dump that whore on the street before she ruins your life. That's literally what she is: she's baiting you with sex so she can take your money.

[Anonymous No.959017]

>>958601
what kind of fucked up state do you live in

[Anonymous No.959041]

>>959017
Probably new york. In florida the legislators were debating the removal of lifetime alimony and I still remember seeing some old bitch on tv saying "No they shouldn't end it. I depend on that for my lifestyle". No fucking shit stupid bitch, that's why they're trying to end the racket.

[Anonymous No.959052]

>>958494
Thats a really cute chick OP, and you're a lucky guy, but don't sweat so much just to marry her. Good luck on your business though.

[Anonymous No.959057]

>>958494
>MS in mathematics
>starting a hedge fund with the primary purpose on putting a ring on a slightly above average looking girl who is obviously a gold-digger
>asking a shitposting board on a shitposting site for advice

you're likely trolling but if you're not, i feel very sorry for you. you're a good example of how it's possible to be simultaneously intelligent and dumb.

[Anonymous No.959121]

>>958494
haha op your pathetic. those fake tits are nice tho

[Anonymous No.959128]

>>958494
If you don't have at least $10 million invested, you can't advertise publicly. You have to respect SEO rules for hedge funds. You are too small for large investors.

[Anonymous No.959155]

>>958783
Nah, we're basically do the same as a market maker, but we're not assigned as MM's at the exchange. So we are quoting and exploiting flow trades whenever we identifiy profitable situations. But we don't have the obligation to quote permanently like ordinary MM.

[Anonymous No.959181]

>>958556
is that a fucking man? literally no curves

[Anonymous No.959209]

>>959155
>we're basically do the same as a market maker

sounds dubious

*if* you're marketmaking then why do you need client funds in the form of a hedge fund... it makes no sense

market making tends to be done with proprietary capital - firstly once you get to a certain size for whatever product you're trading you don't need any more capital secondly the returns can be very large in terms of % returns

you need to run a prop firm not a hedge fund

[Anonymous No.959212]

>>958669
need more capital... it is a small edge and tends to work from trading the same system in a whole bunch of markets simultaneously

you're also going to be competing with some very big players

[Anonymous No.959215]

>>958567
she does look expensive

[Anonymous No.959222]

lol ur girlfriend is hot OP, I'm envious, also I want to be rich myself and go into business, what do you suggest I do OP? please I really want to go into business and finance and be a billionaire or at least millionaire

[Anonymous No.959224]

>>959209
Life is easier for those who can read. Here's what I wrote earlier.

>>958690
>Let's put it that way. We have significant smaller funds than we used to have to back in the bank, but since we don't have to finance huge overhead, we make more for ourselves while increasing the company's equity surplus. We're all happy.


>*if* you're marketmaking then why do you need client funds in the form of a hedge fund... it makes no sense

I do my job because I love it. We are 3 traders did not have ~20mln to start off ourselves. Hence we set up a HF structure. We are profitable, our investors are happy, we are a happy. If there is one guy online who thinks it makes no sense, I could not care less.

I said we are not market makers. We used to be in back in the bank, so we have that approach. You asked if we do carry trades, I answered no - We work more like MM, but we don't have quoting obligations. Is it that hard to understand?

It's called Volatility Arbitrage. Look it up.

[Anonymous No.959507]

>>958567
>tell me i cant do what im going to do, please
You can absolutely do what you want.
Guys let their dicks ruin their lives all the time

[Anonymous No.960011]

>>958548
>>958504
Seriously tho, never mix up love with biz.

It can go right and nice. But history serves that it won't.

This isn't a Disney story, raise a ton of money for yourself but don't be too greedy, find a good balance.

[Anonymous No.960021]

>>958579
Oh I see>>958567
>>958565
You didnt want a serious answer. You wanted a /b/ answer.

Sorry, wrong board. Hope your carnal desires bring you everlasting happiness.

[Anonymous No.960022]

>>960021
*tips*

[Anonymous No.960023]

>>958556
Jesus Christ, looks like an ugly trap.
Be hedge funder and then marry Sarina Valentina, he is a better looking man than this woman you have fallen for.

[Anonymous No.960054]

>>958494
So. The plan involves working your ass off to get raped in divorce court by a gold digging floozy? Bold

[Anonymous No.960073]

@YnZHdQYi

How did you start it? did you have to get a license

i am a technical analyst

1.2mm wow thats very nice

[Anonymous No.960097]

If you go to california, make sure to go to LA. That way the rest of the state won't be spoiled by your presence. Its a cesspool of people like you; you'll do great. You'll be a top 5% earner for the us whatever you do but the cost of living will make you feel like you're in the bottom 5%.

[Anonymous No.960105]

>>960097
>the cost of living will make you feel like you're in the bottom 5%
That's why us smart people live an hour east of LA. The cost of living is very reasonable and I can commute into LA with the metrotrain. This way I can have a bigger salary without breaking my bank on living expenses.

[Anonymous No.960110]

nice bait
Bill Ackerman is watching