How to Start a Hedge Fund - A CEO's Guide

How do you actually launch a hedge fund? People talk about strategies, fundraising, and legal stuff, but I didn't see any good guides about... well... everything else. When I started my hedge fund in 2012, the resources online were awful. For fun, I Googled "how to start a hedge fund" again in 2020, and the top videos are still along the lines of, "it was hard you guys." (No kidding.) To expand upon "it was hard," I made a high-level guide detailing my first-hand experience + all of the things you need to do before launching a hedge fund. This is my first video - if you liked it, please like or subscribe so Google pushes it above the "it was hard" videos. :p 0:00 - Introduction 0:49 - List of service providers 2:00 - Mistakes picking service providers 3:16 - Critical decisions 4:13 - Hedge fund legal structure 5:27 - Mistakes picking legal structure 6:23 - Critical legal services 7:38 - Hedge fund fee structure 9:20 - Want more videos? 10:00 - Hedge fund technology 11:11 - Market & alternative data 12:07 - Databento a la carte data 13:18 - Trade execution & DMA 14:59 - Operations & compliance requirements 15:56 - Is this even worth it? 16:21 - Should I do a startup? 17:02 - When should I start a hedge fund? 18:19 - Any questions? 19:04 - Final thoughts Here is the list of service providers as mentioned in the video: Prime broker (+ secondary counterparty) Third-party administrator Onshore fund lawyer Offshore fund lawyer Corporate lawyer Fund auditor Fund custodian Bank account Tax preparer (+ R&D tax credit provider) Compliance officer (in-house or part-time) Independent board director(s) Software vendors (e.g. Slack, Google Suite, AWS, CRM, QBO, payroll, etc) Data providers (market & alternative) $$$ to afford all of the above The hedge fund book I mentioned: https://books.google.com/books/about/...