Offering Advice & Services to Traders | Investors | Funds
Incubator Hedge Funds Given the registration requirements and the extent of disclosure necessary, it is no wonder that many fledgling hedge fund managers abandon their business plan due to potentially onerous startup requirements. There is, however, an alternative for hedge fund startups that do not have yet the track record necessary to attract new investors. Setting up an incubator hedge fund allows you to develop a track record which will assist in attracting investors later in time. An incubator hedge fund is created by breaking down the fund development process into two stages. The first stage sets up the hedge fund and investment manager. Completion of the first stage allows you trade and develop a performance record using seed capital. The first stage sets up the fund and investment management company. Completion of the first stage allows you trade and develop a performance record using your own or other's money as seed capital. In the second stage your offering documents are developed and your performance record is audited and included in the PPM circulated to prospective investors. Starting out with an incubator fund affords the opportunity for those with a skill for trading to break down the fund development process into a manageable undertaking. Click Here to Learn More About Incubator Hedge Funds
Start a Hedge Fund Forming a hedge fund to protect and manage your assets and the assets of others makes more sense than ever and is one of the most efficient ways to make money today. Hedge funds and family offices are no longer for the elite; the hedge fund industry has years of success ahead of it. We work with two groups of people: those who want to run a hedge fund or family office and those that want to invest in them. For many the dream of running a hedge fund or family office is realized once they figure out for themselves what steps they need to take to start. No longer looking toward Wall Street, Main Street is taking care of itself. Starting a hedge fund or family office to protect and manage your assets and the assets of other families makes more sense than ever. Hedge funds and family offices attract the working wealthy and their IRAs, high net worth investors, family offices, and small businesses looking for safety and superior returns. Click Here to Learn More About Starting a Hedge Fund
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. Dxx Cxxx July 08, 2009
Start a Forex Hedge Fund If your hedge fund will trade in spot forex, your fund is a forex pool. However, you currently do not need to need to register as a forex pool operator with the NFA. You do not need to take the Series 3 Exam and you do not need to start the process of becoming a member of the National Futures Association (NFA). However, you may need to do so in the future. Learn More About Starting a Forex Fund
Customer Testimonial I am very pleased to have done business with Hannah Terhune. She helped me incorporate an incubator hedge fund and although I am all the way in Asia, this has not hampered our business transaction. She delivered in a timely manner, is very professional and very accommodating with regards to inquiries and questions. I highly recommend her and am looking forward to availing of her services again in the future. Jxxx Lxx Prometheus Asset Management, Ltd. December 02, 2007
The SEC's 134-page Report-Implications of the Growth of Hedge Funds presents the current status of the hedge fund industry. The report summarized several months of work on the Staff's part and includes a summary of the current status of the hedge fund industry (including audits), as well as a number of recommendations related to regulatory structure. The webccontent authored by veteran hedge fund attorney Hannah Terhune, JD, LLM (Taxation), when she was the Chief (and only) Attorney at Greencompany.com and GreenTraderLaw.com on offshore hedge funds, was cited on page 10 as providing information that the Staff found to be valuable in its understanding of the industry. Almost all of the other 300+ footnotes were to legal cases, results of the SEC-sponsored hedge fund roundtable, and the FINRA/NYSE. You will see from our web site that we supply more information about hedge funds than most books on the subject. It's great to see that Hannah Terhune's expertise is appreciated by the SEC! This is quite a coup for Hannah, and provides one more piece of evidence as to how she can help you.
Customer Testimonial It was indeed a pleasure working with you and your team at Capital Management Services Group to set up our investment management firm and its associated hedge fund. As someone with deep analytical and trading expertise who is unfamiliar with the complex regulatory environment surrounding hedge funds, I greatly appreciate the advice and clarity you brought to the process of establishing the firm. Your breadth of expertise was invaluable in navigating the plethora of choices to be made and more importantly, it was reflected in your ability to make the necessary filings and obtain approvals from all the regulatory agencies. I am also impressed that your estimate for how long the entire process would take was remarkably accurate. As a new business entity, it was a benefit to our firm that you were able to provide your knowledgeable and comprehensive services at extremely reasonable terms. I would not hesitate to recommend your firm to others seeking to launch or expand investment advisory businesses and hedge funds. Best regards, Dr. Sid Valluri Managing Director Odessa Capital Management LLC Sent December 01, 2008
Trader Taxes, Hedge Fund Taxes, International Taxes We cater to international investors, traders, money managers, and proprietary traders. We strive to help our clients achieve maximum lawful tax savings. For most, the United States is a tax haven for foreign traders and investors if they approach U.S. shores carefully (e.g., by using a drop off trust or private foundation as a grantor trust) and establish the proper entity to hold assets. Given the international scope of our firm, we can help you with your taxes. We offer all the tax advice and services you need to run a business. Learn More About Hedge Fund Taxes
Commodity Trading If your hedge fund will trade in futures contracts, commodity options (including options on futures contracts), leverage contracts involving certain precious metals, futures contacts and commodity options traded on a board of trade, or foreign futures and foreign options, your fund is also a commodity pool. Unless you operate an exempt commodity pool, you will need to register as a commodity pool operator with the NFA. You must take the Series 3 Exam and start the process of becoming a member of the NFA. Learn More About Starting a Commodity Pool
Hedge Fund Accounting and Hedge Fund Administration Many clients are accustomed to being a one-person business, trading from their home office. They are interested in trading for others to leverage their knowledge and make more money, but they don't want to change how they work. They don't want to have to hire accountants and secretaries, or rent an office or gain tons of paperwork. They don't want to spend their days with attorneys, accountants, consultants and business operation hassles. Our clients work from home, without any of the above-mentioned hassles. Most of our clients use our hedge fund accounting services on a monthly basis; others choose weekly, quarterly, annually or whenever they like. The work product includes NAV, performance records, brokerage statement reconciliation, and advisory fee billing.services). Learn More About Hedge Fund Administration
Hedge Fund Marketing, Pitchbooks, Hedge Fund Websites There are significant restrictions when it comes to marketing a hedge fund. The good news is your hedge fund can have a web site. We offer practical ideas on how to find investors and clients without breaking the rules against advertising. Learn how to use due diligence procedures to police your own operations. Incorporate our due diligence checklist into your hedge fund development.
Leading Articles, Media Coverage and Public Presentations Easy to read articles by Hannah Terhune, hedge fund and international tax attorney, contributes current expertise to many online and magazine repositories. These articles have received wide circulation in the hedge fund and asset management industries. Please contact us about publication or redistribution. "Hannah, Your article on starting an offshore fund gave me some great insight on the subject and connected the dots very quickly for me. Just wanted to say thanks! Bxxxx Lxxxxx January 28, 2009
Customer Testimonial Hannah and her team were able to set up the management LLC and the hedge LP efficiently and quickly with minimal effort or guidance from me. The fees charged are very reasonable and I would recommend Hannah and her team to anyone interested in setting up a hedge fund. Dxxx Sxxurn Sent December 03, 2008
File SEC Form D and other Blue Sky Filings As of March 16, 2009, hedge funds selling securities under Regulation D must electronically file Form D with the SEC. In addition, Form D is required to be filed annually. Prior to March 15, 2009, hedge funds issuers were allowed to file Form D by mailing a paper copy to the SEC. The offer and sale of a hedge fund interest in any state triggers state registration and reporting requirements for the fund and its promoters and these laws very from state to state. Click Here to File Form D and other U.S. Blue Sky Filings
Investment Adviser Registration If you do not expect to have $30 million of assets under management (AUM) within 120 days of launching your hedge fund, you are subject to the investment adviser law of your home state. In those states where the hedge fund manager must register as an investment adviser, the Series 65 is required, unless the state is satisfied with some other credential such as a Certified Financial Planner license. Many states require that you register as an investment adviser. You may choose to register as an investment adviser even if not required to do so by your home state.No sponsor is needed to take the Series 65 exam. If you have $30 million or more under management you may need to register with the SEC. Click Here to Learn More About Our Investment Adviser Registration Services
U.S. Company Formations Wyoming is ranked as the top U.S. state best for business. A Wyoming corporation or LLC offers protection from lawsuits. The first LLC statutes in the United States were instituted in Wyoming. We provide company formation and management services, including incorporation of companies, maintaining a registered office, and much more in Wyoming, Delaware and Florida - all ranked in the top 10 U.S. states best for business. Click Here to Form a U.S. Company
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
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
Why Hire Us? We have advised investment advisers, financial planners, and accountants on matters such as investment adviser registration, investment advisory agreements, investment suitability, state/federal compliance issues, the avoidance of client and regulatory complaints, and potential conflicts of interest.
Small- to medium-size clients often rely upon us as an "outsourced" legal counsel and compliance adviser. We provide these services to many investment advisers at a great savings over the cost of hiring and maintaining a legal department. We regularly assist the legal and compliance departments of medium to large size investment advisory firms. We represent large advisors with significant internal legal capabilities who seek to leverage our extensive experience in complex issues and the latest developments. We have been an active counselor in numerous transactions involving the purchase, sale, or merger of investment advisory practices.
We regularly provide advice regarding securities, derivatives, tax, ERISA, litigation and other legal matters to a variety of registered investment companies and hedge funds. Additionally, we provide assistance with the formation and operation of mutual funds, hedge funds, venture capital funds, and other private equity and commodity pools. We also provide compliance services, including analysis and development of compliance policies and procedures, compliance audits, and draft disclosures and responses to SEC examinations and document requests.
We have acted as counsel to limited liability companies, commodity pools, and open-end and closed-end funds registered with the SEC. We represent broker-dealers and other securities professionals in their capital market transactions and regulations, advising them on all aspects of U.S. federal and state securities and commodities laws, including regulation by the national securities exchanges, the NASD and other self- regulatory organizations, and assisting them with respect to regulatory audits, continuing education, licensing, and enforcement matters.
Customer Testimonial Capital Management Services Group and Hannah Terhune have been instrumental in helping me establish a forex fund. I have been particularly impressed with Hannah's willingness from the beginning to advise me on the various options I had, and in helping me chart the appropriate course given my goals. She was very helpful in addressing and answering my many questions and I greatly appreciate her advice. As someone who was launching his first fund, I've greatly appreciated the support I received from her and her staff. I look forward to my ongoing relationship with Hannah Terhune and CMSG.
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 right here, start to finish. 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.
Personal Consultations and Fees You get answers to your specific questions by speaking directly to Hannah Terhune, an experienced hedge fund attorney. Her hard won wisdom can save you unnecessary steps and wasted effort. The consult is a valuable opportunity to speak to Hannah one on one to learn how to achieve more in less time. The return on your investment more than makes up for the cost by helping you to avoid more costly mistakes. Fees are a necessary part of the consultation. Many years of study and training lead to being able to make a sound, informed and ethical opinion about plans. The expertise required to recommend solutions and provide advice should not be taken lightly. When you are finished with your consultation you will be more informed about your business plans than ever before. Call (307) 213-4732 or Click Here to Request Services.
Our Commitment Henry David Thoreau wrote: "Do not hire a man who works for money, but him who does it for love of it." We are committed to your business plans and bringing you the best possible options. We aim to establish an internationally recognized business that both educates our clients as well as the industry. We do this by striving for the best results. Above all, we are a law firm. A lawyer is a philosopher and role model. The ability to improve our clients' lives is a privilege that we do not take lightly. There is tremendous power in being able to effect a positive change in our clients' lives. Our aim is to welcome our clients and to provide a comfortable, warm environment for all. We feel that allowing clients to feel comfortable creates a field in which attorney and client can develop a well-based, sincere relationship that improves over time. We thank you for choosing to lend us your time in enjoying this web site.
