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What is the most effective way to look for a PAMM fund manager?
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AllenLi

Member Since Dec 13, 2019  1 posts AllenLi Dec 13 2019 at 09:38
I'm working for a forex broker and now we are try to make a PAMM program.
But I have no idea where or how to recruit fund managers to join the program.

Please help.. Any advise would be highly appreciated!

TheSkullCandy

Member Since Mar 29, 2017  1 posts TheSkullCandy Dec 14 2019 at 20:59
what kind of money reward are you willing to give for those managers,
there are lots of private groups , well, not lots,but there are... Where ppl making stable profits, with small Draw downs

Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Dec 15 2019 at 07:54
Two brand new accounts with only 1 post each....

1st post is someone trying to recruit 'fund managers' to join their program, and then the second post is someone who just happens to be looking to join.

That's highly questionable at best....

Real 'fund managers' don't try recruiting random people on the internet.

There are numerous certifications and licenses that are required to legally operate a financial institution such as a hedge fund or similar investor focused business.






If it looks too good to be true, it's probably a scam! Let the buyer beware.
247mm

Member Since Jul 29, 2019  8 posts Andrew (247mm) Dec 24 2019 at 10:58 (edited Dec 24 2019 at 10:58 )
Professional4X posted:
Two brand new accounts with only 1 post each....

1st post is someone trying to recruit 'fund managers' to join their program, and then the second post is someone who just happens to be looking to join.

That's highly questionable at best....

Real 'fund managers' don't try recruiting random people on the internet.

There are numerous certifications and licenses that are required to legally operate a financial institution such as a hedge fund or similar investor focused business.


PAMM and hedge fund are legally a completely different thing. And they are not fund managers looking to recruit people, they are LOOKING FOR fund managers and YES, they do recruit random people over the internet, its pretty common. All a potential fund manager needs is a trading history.

I am on the market for 10+ years and still learning and still analyzing every trade and still working on improvements.
ProfitableRisks

Member Since Dec 18, 2019  38 posts ProfitableRisks (ProfitableRisks) Dec 25 2019 at 17:39
Professional4X posted:
Two brand new accounts with only 1 post each....

1st post is someone trying to recruit 'fund managers' to join their program, and then the second post is someone who just happens to be looking to join.

That's highly questionable at best....

Real 'fund managers' don't try recruiting random people on the internet.

There are numerous certifications and licenses that are required to legally operate a financial institution such as a hedge fund or similar investor focused business.







YOU SPOKE MY MIND, AND HEDGE FUND MANAGERS DO NOT ADVERTISE

Trender
Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Dec 26 2019 at 23:01
247mm posted:
Professional4X posted:
Two brand new accounts with only 1 post each....

1st post is someone trying to recruit 'fund managers' to join their program, and then the second post is someone who just happens to be looking to join.

That's highly questionable at best....

Real 'fund managers' don't try recruiting random people on the internet.

There are numerous certifications and licenses that are required to legally operate a financial institution such as a hedge fund or similar investor focused business.


PAMM and hedge fund are legally a completely different thing. And they are not fund managers looking to recruit people, they are LOOKING FOR fund managers and YES, they do recruit random people over the internet, its pretty common. All a potential fund manager needs is a trading history.


I never said PAMM and hedge funds as being the same thing.

You claim :
All a potential fund manager needs is a trading history

Fund managers need a lot more than just a trading history.

There are NUMEROUS regulations, certifications, licenses, back ground checks, and business registrations that need to be addressed if a person is going to operate as a legal fund manager.

I strongly suggest you consult with an attorney who primarily works in the financial sector.




If it looks too good to be true, it's probably a scam! Let the buyer beware.
tacet

Member Since Mar 10, 2019  55 posts tacet Dec 28 2019 at 13:11
All a potential fund manager needs is a trading history

I strongly suggest you consult with an attorney who primarily works in the financial sector.



Although, in general, it's absolutely correct - there are a differences between the US and the rest of the world in therms of running financial services. In f.e. Europe, in a particular case of PAMM, a manager does not need to have any licences/certifications etc but MAM manager does need (from not so far ago)... Funny that PAMM are not used in the USA (am I wrong?)... Also, to open a small private (hedge) fond is relatively easy in the USA and very difficult in Europe.

every beautiful garden has a strong hedge around
Lingsbord

Member Since Dec 28, 2019  3 posts Ruth (Lingsbord) Dec 28 2019 at 23:27
As yet another 1st time poster with a new account (today) I wanted to add a comment to the conversation.

It seems the guy is not looking for a Fund Manager in the classic sense, but someone who might trade an account and have his trades copied to client accounts at appropriate sizes based on balance, equity, or some other multiple. While this can be construed as fund management there are subtle differences in that a client still has a significant degree of overall control (the account is in his name, only he can withdraw funds, the manager has no access, and the client can immediately terminate the arrangement at any time of his choosing).

Of course, in some jurisdictions that would still be a regulated activity as he would arguably be directing client funds, but trade copying is a grey area in a surprising number of 'first-world' jurisdictions and can therefore be done in many places by an individual with no license, no certificates, no registrations.

Basically the guy is asking for people who fit the bill in terms of the trading experience and expertise, what kind of revenue-share deal is on offer, the broker location, the manager location, and the regulatory structure that binds one or both of them.

A fund manager? No way. A PAMM trader? Entirely possible. I know of two people trading with a fully Regulated (including UK FCA) broker with a PAMM/Copying structure, perfectly legally.

I do agree though, it's an odd way to go about hooking up with suitable traders. I would have thought a broker would be monitoring client accounts to identify who the best traders were and approaching them to offer them an opportunity.

This is trading, not gambling
Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Dec 29 2019 at 02:38
Lingsbord posted:
It seems the guy is not looking for a Fund Manager in the classic sense, but someone who might trade an account and have his trades copied to client accounts at appropriate sizes based on balance, equity, or some other multiple.


Read the original post again, because that's NOT what it said.

The original post said:



It's someone who works for a brokerage and they're trying to start a PAMM program and they don't know how to do it.

As such there ARE numerous legal and ethical issues that need to be addressed.

There are registrations, licenses, and various related certifications and regulations that need to be handled by the firms legal department.

Think about this for a moment, do you want to trust a brokerage and it's hired financial managers if they don't understand the basic legal requirements to provide services such as this one? It's absurd to think it's ok to conduct business like that.



Attachments:

If it looks too good to be true, it's probably a scam! Let the buyer beware.
tacet

Member Since Mar 10, 2019  55 posts tacet Dec 29 2019 at 10:25
Professional4X posted:

There are registrations, licenses, and various related certifications and regulations that need to be handled by the firms legal department.

Think about this for a moment, do you want to trust a brokerage and it's hired financial managers if they don't understand the basic legal requirements to provide services such as this one? It's absurd to think it's ok to conduct business like that.


you looks at PAMMs from a US res point of view... In the rest of the world a PAMM manager doesn't need certificates etc legally :( They and members sign T&Cs and vuala! (A MAM man from the other hand does need certs etc)... Despite of lack of proper legs we have good a PAMM structure f.e. Alpari Global... runs for 20 years or so... I personally prefer cT's Copy service (sadly not available in the US) - also based on simple T&Cs and much more flexible for investors...

every beautiful garden has a strong hedge around
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