While most of this article is true, I am guessing that the author is not running a very serious operation, because he is omitting some very key (and very expensive) details. Are you planning on drafting that LP agreement and subscription agreement yourself, without legal counsel? Do you just happen to have an auditor willing to provide his services for free? Please tell us, Mr. Ponzi, what qualifies you to advise on the workings of this industry?
How to Start Your Own Hedge Fund [View article]