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Comment by jason_slack | Hacker News Reader

Do you have any sort of documentation about this (although I am in the USA)? I'm starting a mini hedge fund now with so much less money (under 6 figures) and perhaps I'm missing something?

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How can you make money with a mini hedge fund? I've looked into setting up something, and at the minimum you'd need a few million (and that's even keeping everything super lean) for it to make sense money wise.

Well, so far everything I am doing is 99% automated based upon my own tools, etc.

Edit: Dr. Ernest Chan has written 3 really good books on Quantitative/Algorithmic trading. Essential reads.

What platform are you using for trading/algo?

A few dideferent platforms. AlphaVantage, Interactive Brokers, other data platforms too.

have they been useful yet, or just sounded good?

Extremely useful. Plus Dr Chan was helpful when I emailed him with a few questions about concepts in his books.

awesome.

You might want to consider classification as a "Proprietary Trading Firm" instead of a hedge fund

This actually makes more sense, I am discovering. Thanks for bringing it up as I just sort of made up mini hedge fund as a term

IIRC Hedge fund has to be funded by accredited investors, and usually have significantly more capital than under <1mm, but I'd imagine you would want to co sult a securities/specialist legal counsel for a question on forming a fund

Depends on who's money your accepting really. Outside money = lots of red tape

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