On Mar 11, 2:49 pm, David Forbes <[email protected]> wrote: > On 3/10/11 11:40 PM, Nick wrote: > > > I'm not sure what the problem is here - it looks like a completely > > standard financial services management company. > > > I spent years working for a hedge fund - we did exactly the same. > > > Nick > > Nick, > > I understand that the lawyers want to make sure that you understand the > regulatory obligations endured by the company before doing business with > them. > > But... making the visitor agree to ten pages of legal boilerplate to > view *anything* on the website? That's so wrong that it's funny.
Its not "wrong", it is a statutory requirement by the applicable regulatory authority. Look at any hedge or boutique investment fund site and they are pretty much the same. One thing to note is that hedge funds are pretty secretive about exactly what they do (they regard that as part of their competitive edge), so most of their web sites have scant real content and are there as a presence only. Strangely (!!), funds like this don't get "passing trade" - investors don't look at the web site to see if they are deserving of an investment ;-) Most funds are not allowed to sell to the "general public" (aka "unqualified investors" [aka non-professional]) anyway as the risks are considered to complex and too large. Most funds I've worked with are required by law (in the UK) to actively "qualify" all investors to ensure that they are professionally aware of the risks - a "professional" investor has to meet several requirements, some of which tend to include significant proven trading activity over a prolonged period together with significant minimum investments, e.g. maybe $1M or more in liquid capital and fund unit sizes of USD 50, 100 or 500K (depends on type of fund and target investor). Some funds target only HNWI (high net worth individuals), some institutional investors (pension funds etc.) and some are referred to as "retail" (general public, but at far lower risk). Enough already on hedge funds... Nick -- You received this message because you are subscribed to the Google Groups "neonixie-l" group. To post to this group, send an email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/neonixie-l?hl=en-GB.
