January 14 2009 at 11:20 PM No score for this post
Frank Wulf (no login) from IP address 67.183.198.143
Hi,
I'm not at all familiar with the "Buy/Sell Programs". But this is one sent to me by an associate that is direct to the Provider. Please let me know if you have interest or concerns.
Best Regards,
Frank Wulf
theconsultant4u at gmaildotcom
Thank you for your interest in participating in a Managed, (Closed-End) "Buy-Sell" Program operated exclusively for the client.
We would be pleased to work with you.
Please review the following information/procedures carefully with your client. If the client wishes to proceed, please have the client (or his direct agent) complete and return the accompanying Term Sheet Questionnaire at your earliest convenience.
Participation In A Managed, (Closed-End) "Buy-Sell" Program
We have developed a new and innovative third option for clients interested in participating in a private placement high-yield opportunity - one that combines the best features of direct "buy-sell" trading and managed trading programs, while deftly avoiding the problems and "pitfalls" associated with each. We call it the Managed "Buy-Sell" Program.
The Managed "Buy-Sell" Program is intended for savvy clients who want to participate in a structured, fully managed, "buy-sell" trading opportunity, but who wish to steer well clear of requirements to move their funds, SWIFT MT 760 and SWIFT MT 103 transfers, joint ventures arrangements, asset management contracts, 50-50 profit-sharing agreements, powers of attorney, joint-signature accounts and the like - "complications" which regularly blight conventional trading programs.
The "blended" option offers clients the opportunity of participating in a controlled, highyielding, buy-sell operation managed exclusively by the Provider, while, at the same time permitting clients to maintain maximum control over their funds, at all times, in their home bank.
Key features of the Managed "Buy-Sell" Program:
Clients Needn't Transfer Their Funds. The client is welcome to leave his funds, on deposit, in his home bank, assuming, of course, that the client's bank is an acceptable bank.
Clients' Funds Are Not Touched. The Provider, assuming the full cooperation of the client's bank, will require only to verify the client's account prior to each scheduled tranche in order to confirm that the client's funds are still held on deposit and have not been withdrawn.
Simple and Hassle-Free. No joint venture arrangements. No asset management contracts. No joint-signature accounts. No powers of attorney. No 50-50 profit sharing agreements. No SWIFT MT 760. No SWIFT MT 103. No muss. No fuss.
No Surprises, Greater Disclosure. The process is not secretive or shrouded in a veil of confidences. Clients themselves are responsible for executing the Master "Buy-Sell" Contract – this agreement is the enabling document which contractually "locks in" the profit yield to be earned by the client per tranche over the term of the "buy-sell" program.
High-Yield Returns. The Provider can, subject to market factors, secure for the client a very generous 30 percent profit spread per tranche over the term of the "buy-sell" operation. With four tranches a week (Monday thru Thursday, settlements on Friday) - that's an impressive targeted yield of 120% a week net/net to the client! Keep in mind, also, that tranche amounts will normally increase in size over time; and there is also the possibility of the parties executing multiple contracts.
Capital Entry Requirements. Minimum $100 Million USD (or Euro equivalent) cash funds. We can, in many instances, work with an available bank credit line as well.
Project Requirements. At the present time, there are no formal project requirements. That said, given the high-yielding nature of the managed "buy-sell" operation, projects may well become mandatory at a later stage. Clients are encouraged to utilize their proceeds, or a portion thereof, to fund viable and sustainable commercial and humanitarian projects.
We Can Close Promptly. No, we can't promise that the client will be trancheing the next day - that is pure fantasy. What we can state, though, is that, assuming the client's compliance documentation to be in good order, the client can, in most instances, be trancheing within 2-3 weeks time.
Here’s a typical time-line:
Week 1: Compliance checks undertaken. The Provider to contact the client directly to arrange the proposed transaction
Week 2: Contracts signed and trancheing schedule approved.
Week 3: Trancheing begins!
Procedural Steps:
Upon return of the Term Sheet Questionnaire, full completed, and after a review by the Provider's compliance team (and assuming the transaction to be viable), we would be pleased to discuss with intermediaries the fee arrangements for all commissionable intermediaries involved in the transaction.
Once we have obtained complete agreement regarding the fee structure for intermediaries, we will forward a sample set of compliance documents for the client to review.
Once the client has concluded his review and assuming the documentation is acceptable (and the client wishes to proceed), we will prepare and forward a final set of "master" documents, with live transaction codes and identifiers valid for thirty (30) calendar days, for the client's completion and signature. The client then sends the fully executed documents - along with a current Proof of Funds (signed by two authorized bank officers) passport copy and signed Fee Protection Agreement, to the Provider's dedicated e-mail address (to be provided); this e-mail address links to the Provider's compliance desk and will be received by the Provider's legal and compliance team only.
Upon receipt by the Provider of the client's documentation, and once compliance is concluded - in fact, in many cases, well before compliance has been completed - the Provider will contact the client directly to discuss the details of the proposed transaction and to work together with the client, cooperatively, to conclude the contract and arrange the trancheing schedule.
And know this…
Our procedures are simple and straightforward; yet remarkably efficient. Whether talking about our pioneering use of a Term Sheet and Term Sheet Questionnaire, our speedy and decisive four-stage "intake and compliance" process, or our precisely crafted compliance paperwork - we pride ourselves on operating the business at a professional level "head and shoulders" above anyone else.
The Provider is a skilled and seasoned professional with many years in the business - and with a strong organization behind him. The Provider resides in Europe and enjoys an excellent relationship with a number of major international banks and platforms there. A consummate businessman, he is very much a deal-maker and "hands-on" closer: You bring forward a qualified client with cash funds in an acceptable bank – the deal is done!
Looking forward to a successful transaction
Note: The above information is provided for general reference only and is not to be considered legally binding. For terms and conditions, refer to the Buy-Sell Contract.
Scoring disabled. You must be logged in to score posts.
How To Build Your Own Hedge Fund<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
It's surprisingly easy to set up, you can keep costs down, and you won't have to share the profits If P.T. Barnum were alive today he would be a hedge-fund manager. Who needs suckers to go to the circus when you can collect 1% or 2% of their money per year and 20% or 30% of their winnings from the comfort of your office in Greenwich, Conn.? No profits? No problem. Close up shop, reopen under another name, and big institutional investors and wealthy individuals will still throw money at you.
In most real calls you would see a strategy named.. the other part that bothers me is what are dates?
It seems ambiguous to me minus the strategy and end dates specified.. lacking direction, shopping for cash. looking to complete a build to suit hedge fund
How about a history a YTD for earnings? A pedigree if a new entry a greatest hits while at the name brand shop they were at before they left to strike it out on their own
The document is boiler plate to an extreme in the sense there is nothing in it it takes bland and gray to a whole new level.. if you want $100m from an individual or an institution there will be a significant amount of DD involved (Ala Bernie Mode). To my knowledge the demand for 3rd party (Deloite) surveyors of the accounts are a mandatory with regulation just seconds away you could almost say it is the law already..
Be wary of things not clearly spelled out.. unless you have a proven record with $1b under management already or you were a super star (Ken Griffin) and adding a new fund I would not see it being a viable vehicle.
If you are looking for a FOF sector specific or just a hedge targeting a specific sector there are numerous information providers.. the providers charge from several hundred to several thousand a year. Being even more specific to a strategy and a sector should bare more fruit a little self arbitrage never hurts your risk assessment (INTERNAL)..
I hope this was a help and my best hopes for you on your journey, JW
Scoring disabled. You must be logged in to score posts.
