Customer Testimonial Hannah and her team were absolutely perfect for us. We needed reasonable prices, exceptional attention to detail, and someone that explained each step along the way. Getting a new fund off the ground can be a complicated and convoluted process. Hannah's team helped us sidestep any frustration along the way by always being accessible by phone or a quick email. We shopped around a lot before committing to a legal firm. Working with Hannah and team was a screaming bargain for the amount of personal attention and top quality work we received. In hindsight, our decision couldn't have been more perfect. Thanks! From: Rxx Fxxxxx Sent: Friday, August 15, 2008 11:34 AM
Why start with an Incubator Fund?An Incubator Fund jump starts your transition from day trader to fund manager. Unless you are an established professional trader, it may be hard to attract investors to your fund. An Incubator Fund is part of astartup process for traders transitioning to fund management. It allows you to develop and document a successful track record that can be legally marketed to prospective investors. It is a proven option for traders like you wanting to start a fund, whether in your home country or abroad. The reason for this is twofold: low startup costs and audited trading results. You can use an Incubator Fund to start any type of fund (securities fund, commodities fond, futures fund, spot forex currency fund, offshore fund, or master-feeder fund) anywhere in the world. If you already have investors lined up and want to charge fees, you should skip the incubator. Click Here to Learn More About Incubator Funds Save your Money for Trading by Testing the Waters The incubator fund is an alternative approach for active traders who want to enter into the money management business and allows them to test the waters before spending $12k or more to set up a fund. An Incubator Fund saves you the upfront legal costs. Only when you are confident that investors will invest in your fund do you pay the cost of preparing investor offering documents and blue sky filings. Setting up an Incubator Hedge Fund allows you to develop and document a successful trading strategy that can be used to attract customers. By using our approach to starting an Incubator Fund, you spread the startup process and costs over a period time. Using our two-step process costs no more than setting up the full version of the fund at once.
Hannah Terhune, veteran hedge fund attorney, developed this strategy in 2005 as a result of working with successful day traders who were vexed by the regulatory hurdles facing them once they decided to start a fund. In her experience, the biggest problem was not being able to use personal prior trading results as proof of ability to make money in the markets. The Incubator Fund solves this problem as long as you use the same trading strategy marketed to the investors you attract. In most cases, we can set up the Incubator Fund in 3 days. When you are confident that investors are ready to invest in your Incubator Fund we prepare your fund's offering documents (private placement memorandum, limited partnership agreement and the subscription agreement) in about 2 weeks for a very reasonable fee. Call + 1 (307) 213-4732 or Email Attorney Hannah Terhune for a FREE CONSULTATION on Incubator Funds or on Starting a Fund.
Customer Testimonial Hannah Terhune and her associates have provided legal advice and services to me for over a year. She provided initial guidance to help determine the kind of fund most suitable for my goals, created the legal documents that are the framework for my hedge-fund, and assisted with ADV submissions to register my company as an Investment Advisor. I continue to rely on her for ongoing compliance issues in this complex and dynamic industry. I found Ms Terhune and her associates to be extremely knowledgeable and helpful in a very responsive way, with friendly and professional manners. Overall a very good experience. Highly recommended." Marty Cawthon ChipChat Technology Group
Step 1 Establish Incubator Fund We create your hedge fund and management company as legal entities and you begin building the fund's performance history by trading with your own funds. We help you with trader tax issues and draft the mark to market election and any other elections for the new companies (as needed). We make sure that everything is set up correctly and quickly. Once the Incubator Fund is set up you can develop its track record and begin building the fund's performance history (usually with your own money). During the month of October, we will create your U.S. Incubator Fund for only $2,500. We can handle the preparation of your fund level accounting and annual income tax return filings with Schedule K-1s for a very reasonable additional cost (usually about $2,000).
Step 2 Prepare Offering Documents We prepare your SEC blue sky filings and offering documents -- the private placement memorandum ("PPM"), limited partnership agreement and subscription agreement. You begin accepting outside investors. These documents are used to attract investors to your fund. Click Here to Learn More About the PPM and to see a PPM Outline Audit of Trading History in the Incubator Fund At some point (the period of time varies depending on your approach to trading) the brokerage accounts of the Incubator Fund can be audited by Certified Public Accountants with experience in the hedge fund industry. Usually a track record audit costs $2,000 and in many cases, less. Offshore Incubator Funds The price for an offshore incubator fund is $6,000. We suggest the British Virgin Islands or Anguilla due to their favorable laws.
Customer Testimonial Hannah, Thank you very much for your initial consultation. I really appreciate it. You are at the top of my list when I take the next step. Also I may need another consultation and I think your rates are competitive and fair. From: Dxxxx Cxxxxxx Sent: Tuesday, July 08, 2008 1:31
Incubator Fund Benefits You have a chance to learn about running a fund without investor pressure. It is an easier (meaning less expensive) way to prepare your fund's accounting and NAV reports (there are no investor-level accounting issues). Annual tax return preparation for the fund and the management company is also easy. Our two-step process allows you to benefit from hindsight and experience allows you to tweak your fund's operations (e.g., change brokers) and build your confidence in your dream to run a fund. The Incubator Fund allows you to dream big or small. There is no minimum amount needed to start an Incubator Fund. None. What matters is consistent and successful trading results. Starting your own fund and advisory business can help you realize financial freedom. As you start your fund, plan wisely. Not all active traders can make the transition to money manager. Customer pressures are intense. If you want our help in making this big decision, talk to us about an Incubator Fund.
Customer Testimonial "I am extremely pleased with the high level of service provide by Hannah and her team of associates. They were easy to work with and their professionalism and the timeliness of deliverables far exceeded my expectations. Not only do I recommend using Capital Management Services Group to others contemplating forming a fund but I look forward to using them again in the future as my fund's needs grow. Sent: Tuesday, July 01, 2008 7:02 PM
We are Fund Planning Experts Besides setting up the hedge fund, we are able to help you benefit from the many tax breaks in the law available to small business owners as well as remain compliant with state, federal and international laws. We guide you in the set up of your fund and your fund's investment advisor and management company. We advise you on business planning issues (e.g., type of entity to use), tax issues (mark-to-market election) and securities law. Your hedge fund has many special needs. Our clients tend to have smaller budgets and require precise direction and expert advice throughout the process of launching a hedge fund. If you are a setting up a small hedge fund, you should know that most large law firms do not want to deal with you. We do!
Customer Testimonial Hannah Terhune and Capital Management Services Group offer a cost effective, comprehensive solution for anyone looking to launch or manage a hedge fund operation. We are a small company operating under a tight budget and we initially decided to use Capital Management Services because they offer great value at an extremely competitive price. Without the customized services and flexible financing solutions Hannah offered, a successful launch of our fund would have been impossible. From day one, Hannah has provided valuable guidance each step of the way along this complicated process. After working with Capital Management Services Group for eight months, it is clear that not only does the group provide services at a great value, but they also have an impressive amount of experience. For every problem we have encountered along the way, Hannah and Capital Management Services Group have been able to provide a quick and affordable solution. To date, Capital Management Services Group has helped us with registration as an investment adviser, compliance issues, drafting offering documents and ongoing administrative services. Capital Management Services Group has consistently provided quality and comprehensive solutions at great price and it is for this reason that we will continue to use their services for all of our ongoing needs. Rene Anziani, Quantsoft Advisers, LLC Sent: Wednesday, June 25, 2008 12:01 PM
Wouldn't you like to learn the same exclusive tips and time proven techniques that experienced attorney Hannah Terhune is privy to? By subscribing to Ms. Terhune’s Right Between The Eyes, you will be given information and tools that often spell the difference between failure and success. Sign Up Here to receive a FREE CONSULTATION with Attorney Hannah Terhune and to begin receiving your free newsletter that contains exclusive information for our subscribers only.
CapitalManagementServicesGroup.com is recognized by discriminating fund managers and traders as being the foremost tax and legal authority in the business. Attorney Hannah Terhune's expertise and indispensable advice about hedge tax and law has appeared in over 100 publications worldwide. Chances are, if you've read about it, she's written it. Give us the opportunity to use that knowledge and experience for you. CMSG provides the best services and support needed for hedge fund projects and associated activities in one convenient place, saving you time and energy. No need to coordinate work between different firms; we handle the job, start to finish, right here. Hedge fund and money management accounting, tax services, tax preparation, consulting, entity and retirement plan formation services, you receive the total package. Our professionals provide the highest quality services at competitive rates. But don't take our word for it, give us a call and let us prove what we can do!