How much do you need to launch a hedge fund?

.....via Street ID

Contrary to popular belief, you don’t need a billion dollars to get a hedge fund up and running.

According to Daniel Strachman, a financial expert who serves as the Director of Research and Strategy for the GAIM Conference Series, you can start with a relatively small amount of money.

“It’s reasonable to think that a group of people could get together and launch a fund for under a million dollars,” Strachman told StreetID. “You could hire a lawyer, hire an accountant, open a couple brokerage accounts, and get a fund up and running from an out-of-pocket expense of just north of $100,000.” 

That, however, is just the beginning. “In terms of launching a fund, I think you need to launch at a minimum between $10 million and $20 million to have critical mass,” said Strachman.

Just 99.5% left to go.....