Advice on turn-key solutions for hedge fund onshore US (and offshore)

TSWP · Post by **TSWP** » Fri Dec 04, 2015 10:55 am

a路径积分,

thank you for taking the time to write down all this precious advice.

I really appreciate it.

It is not sure we have investors from only 1 camp (US), I predict we may have also something from offshore from 1-2 investors, hence my question, as it could make a positive difference if we can launch with also some more funds from there.

A few weeks ago I have spoken via email with the NFA, regarding the CTA/CPO registration/license.

a路径积分 · Post by **a路径积分** » Sat Dec 05, 2015 1:20 am

If you want something inbetween in terms of cost and flexibility for taking both onshore and offshore, you can look into what's called a mini-master structure.

TSWP · Post by **TSWP** » Tue Dec 08, 2015 5:18 pm

> you can look into what's called a mini-master structure.

Like this?

Black arrows represent services, green arrows represent moving of $.

[img]/User%20Files/8822/mini-master.PNG[/img]

a路径积分 · Post by **a路径积分** » Tue Dec 08, 2015 10:38 pm

There's a few variants, I've never seen the one you've proposed so I cannot comment on its validity. However, the one I was implying was to do a standard master-feeder with an offshore master minus the offshore feeder. You can then 'add on' the offshore feeder later when you are actually certain that you have offshore investors and they bring enough AUM to the table that it's worthwhile spending on the legal paperwork and admin costs.

TSWP · Post by **TSWP** » Tue Dec 08, 2015 11:59 pm

I took the above diagram from a lawyer.

Thank you for the clarification, we are discussing the possible paths with some lawyers, what you suggests makes perfect sense and will be one of the options on our table.