"With the help of Hedge Fund Tools, I was able to switch prime brokers with ease and launch my hedge fund.  Evan was very knowledgeable on the subject and took the time to get to know me and my business."

Michael Weissman, Managing Director
Full Steam Capital Management LLC

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"We are extremely pleased with all the help we have received from the HFT Expert Team.  They helped us with every aspect of setting up our hedge fund.  In one of our early conversations with them, HFT told me that when they are done getting us set up we will look like a billion dollar fund.  They have delivered, and we are now in the process of setting up three additional funds with the help of HFT and the HedgeCo Network!"

Brian Toelle, Managing Director
Hardel Capital
www.hardelcapital.com

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"As Investment Managers our time is spent trading the markets.  When it came to setting up our hedge fund and navigating the various legal agencies involved, we were definitely out of our element.  Fortunately, Evan Rapoport with Hedge Fund Tools was able to act as both a guide and a consultant.  With Evan’s help we were able to form our Funds both inexpensively and with absolute assurance that all the legal aspects were properly handled.  Evan not only introduced us to a number of different service providers, but gave us a background on each, pointing out their strengths and weaknesses."

"Having gone through the complete process, we wouldn’t even begin forming a new fund without Evan being part of the process."

Dan Miller
Great Hills Capital Partners, LLC

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"Dear Andrew,

I just wanted to take a moment to let you know what a pleasure it been to do business with HedgeCo. To be honest, when we first retained you to assist us with the launch of our hedge fund, I wasn’t sure if you could truly deliver on the broad scope of services you promised. But you’ve actually exceeded my expectations. You and your team have been professional, courteous, extremely competent - and perhaps most important to me – met all my deadlines.

Many thanks,
Stephen"

Stephen E. Speiser
Managing Director
THE HALF MOON REO FUND, LP

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Anyone Can Do It

Glusman says the biggest surprise in starting up has been how cheap it is. In a package provided by hedgfundtools.com, the consulting arm of HedgeCo Networks, an industry information source, he got everything he needed to start Mogul — including legal and accounting services, auditors, prime broker introductions, Web site construction, database membership with Hedgeco.net and hedge fund software. And all that for $35,000. “If you go a la carte it's very expensive — buffet-style is cheap,” he says. [One hedge fund attorney, who wished to remain anonymous, groused that, “You get what you pay for.”]

As you would expect, Glusman has big expectations; the limited partners do too, since they're going to pay a 2 percent management fee and 20 percent of profits. Investors can expect to get (net of fees) 20 percent returns. Those projections are based on four years of success using a model, developed by Ratner, that he has used over that time to manage personal assets, assets at his former employer Carlin and the portfolio of a high-net-worth family. “In 2004, returns, net of fees, were 32 percent. In 2003 they were 34 percent,” says Glusman of the model's success. “Obviously, a jarring geo-political event or a big bear market would change that, but even then we think we can achieve returns in the mid-teens,” he says.

As for the risk, Glusman says that's just part of it. If you're disciplined, follow the plan and the program — “sell when all indicators say sell, buy when they say buy” — the fund will succeed, he says. “In order to do well in this business you need to take the risks,” he says. “Sure, there will be small collisions, but with discipline we're not going to blow up.”

Read complete article from the Registered Rep here