http://tech.groups.yahoo.com/group/xltraders/ XLtraders Mon, 01 Feb 2010 14:45:01 GMT Jerry http://tech.groups.yahoo.com/group/xltraders/message/9090 http://tech.groups.yahoo.com/group/xltraders/message/9090 Everyone, Hey, thanks for having such a great discussion on my question. I've just gotten back online after being both out of town and email access since last Mon, 01 Feb 2010 02:49:36 GMT Mark Simms http://tech.groups.yahoo.com/group/xltraders/message/9089 http://tech.groups.yahoo.com/group/xltraders/message/9089 Thanks Guys...all great advice. I think this whole deal has come about simply because most of the prop trading platforms (Lightspeed, Blackwood, Gray Box, Sun, 31 Jan 2010 21:12:05 GMT RB http://tech.groups.yahoo.com/group/xltraders/message/9088 http://tech.groups.yahoo.com/group/xltraders/message/9088 I like the idea of pay for performance myself. But if they want to throw money at you, even before you do what you do. Take it. ... From: Dave MacKay To: Sun, 31 Jan 2010 20:48:18 GMT Dave MacKay http://tech.groups.yahoo.com/group/xltraders/message/9087 http://tech.groups.yahoo.com/group/xltraders/message/9087 and get them to pay the legal fees also, in advance, to your attorney.!! Just to make clear their intent to pay for your service before you waste time setting Sun, 31 Jan 2010 20:44:24 GMT Robin Lake http://tech.groups.yahoo.com/group/xltraders/message/9086 http://tech.groups.yahoo.com/group/xltraders/message/9086 And I forgot to add in my most recent posting: Get a Formal Agreement Get an attorney to review the whole deal Sun, 31 Jan 2010 20:41:44 GMT Dave MacKay http://tech.groups.yahoo.com/group/xltraders/message/9085 http://tech.groups.yahoo.com/group/xltraders/message/9085 I like the idea of a retainer, paid in advance.....  CASH   two months. They want to bleed you for your wisdom and then pay nothing..... Dave MacKay  ... Sun, 31 Jan 2010 16:27:15 GMT Robin Lake http://tech.groups.yahoo.com/group/xltraders/message/9084 http://tech.groups.yahoo.com/group/xltraders/message/9084 I'm in the midst of negotiations for a somewhat-similar deal. My sage and experienced Advisors insisted: - Include an Indemnification Clause in any and all Sun, 31 Jan 2010 16:12:53 GMT RB http://tech.groups.yahoo.com/group/xltraders/message/9083 http://tech.groups.yahoo.com/group/xltraders/message/9083 Were they on the up and up? How are their fees as far as their clients paying them on the accounts? Sounds like they may just want lots of trades and their Sun, 31 Jan 2010 15:58:15 GMT Robin Lake http://tech.groups.yahoo.com/group/xltraders/message/9082 http://tech.groups.yahoo.com/group/xltraders/message/9082 "Trust, But Verify" If there is no way to audit your client's trading, assume you'll be screwed. One model is to have trading authority over a specific Sun, 31 Jan 2010 15:19:55 GMT Mark Simms http://tech.groups.yahoo.com/group/xltraders/message/9081 http://tech.groups.yahoo.com/group/xltraders/message/9081 This is an intriguing discussion....and I have an interesting "twist" to this idea: I was approached by a Prop firm who wants me to provide signals to their Thu, 28 Jan 2010 01:14:56 GMT RB http://tech.groups.yahoo.com/group/xltraders/message/9080 http://tech.groups.yahoo.com/group/xltraders/message/9080 Sorry. I meant 1%. For someone like him that is just giving the signals. Probably though for what he is talking about. He should just be paid off of Thu, 28 Jan 2010 00:35:14 GMT Christian Gross http://tech.groups.yahoo.com/group/xltraders/message/9079 http://tech.groups.yahoo.com/group/xltraders/message/9079 10% of the money as a yearly fee? Really? Wow... There seem to be two models these days 2/18 (2% management fee 18% profits), or flat 25% profits incl Thu, 28 Jan 2010 00:18:27 GMT RB http://tech.groups.yahoo.com/group/xltraders/message/9078 http://tech.groups.yahoo.com/group/xltraders/message/9078 10% of money and 20% of profits. ... From: Jerry To: xltraders@yahoogroups.com Sent: Wednesday, January 27, 2010 11:35 AM Subject: [xlt] Fees for Funds Wed, 27 Jan 2010 21:45:07 GMT Robin Lake http://tech.groups.yahoo.com/group/xltraders/message/9077 http://tech.groups.yahoo.com/group/xltraders/message/9077 Jerry - Me, too. Same situation. I've gotten suggestions like $100K a year for running the black box plus 20% of the profits. This first originated with a Wed, 27 Jan 2010 19:37:47 GMT Jerry http://tech.groups.yahoo.com/group/xltraders/message/9076 http://tech.groups.yahoo.com/group/xltraders/message/9076 Can anyone provide information or suggestions on where I can find information on the industry standards for fees paid to funds managers in hedge funds or just