Author Topic: Teen hedge fund manager - Wohl Capital  (Read 79745 times)

permabear

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Teen hedge fund manager - Wohl Capital
« on: March 20, 2015, 12:39:04 PM »


investor-man

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Re: Teen hedge fund manager - Wohl Capital
« Reply #1 on: March 20, 2015, 01:13:59 PM »
Props to him. Most people are too afraid to put themselves out there. Maybe I'll give a grand and see what happens  ;)
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oddballstocks

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Re: Teen hedge fund manager - Wohl Capital
« Reply #2 on: March 20, 2015, 01:20:21 PM »
Uh...so how he is a hedge fund if he's taking non-accredited investors? 
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hillfronter83

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Re: Teen hedge fund manager - Wohl Capital
« Reply #3 on: March 20, 2015, 01:29:24 PM »
I have to admit that I haven't been up at 5:30AM to check out currency market and futures market. My returns are far from exponential though.

racemize

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Re: Teen hedge fund manager - Wohl Capital
« Reply #4 on: March 20, 2015, 01:35:19 PM »
Uh...so how he is a hedge fund if he's taking non-accredited investors?

exactly my question. His website also seems to be close to breaking advertisement regulations.

philly value

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Re: Teen hedge fund manager - Wohl Capital
« Reply #5 on: March 20, 2015, 01:55:17 PM »
Uh...so how he is a hedge fund if he's taking non-accredited investors?

Depending on how the fund is structured, you can have a limited number of non-accredited investors.

http://www.hedgefundlawblog.com/section-3c1-hedge-funds.html

So probably structured that way. Or, could be structured this way: http://observer.com/2014/12/exclusive-new-york-mags-boy-genius-investor-made-it-all-up/

Mephistopheles

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Re: Teen hedge fund manager - Wohl Capital
« Reply #6 on: March 20, 2015, 02:32:20 PM »
Every state is different. In NJ, you can take non-accredited investors as long as you aren't registered with the state. Registration with the state doesn't serve any purpose besides being able to say you are "registered with the state".

Schwab711

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Re: Teen hedge fund manager - Wohl Capital
« Reply #7 on: March 20, 2015, 03:10:52 PM »
Uh...so how he is a hedge fund if he's taking non-accredited investors?

No rules against it, you just can't take a % of capital gains as compensation.

Mephistopheles

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Re: Teen hedge fund manager - Wohl Capital
« Reply #8 on: March 20, 2015, 03:31:05 PM »
Uh...so how he is a hedge fund if he's taking non-accredited investors?

No rules against it, you just can't take a % of capital gains as compensation.

Even that is possible, at least in NJ - as long as you're not registered w/state.

racemize

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Re: Teen hedge fund manager - Wohl Capital
« Reply #9 on: March 20, 2015, 04:32:01 PM »
Uh...so how he is a hedge fund if he's taking non-accredited investors?

No rules against it, you just can't take a % of capital gains as compensation.

Definitely can't do it in Texas, without a lot of extra regulation.  I guess he could have gone that route.