Devising A Business Plan

Sun May 1, 2005

The importance of a good business plan

Matthew Wilson, managing partner at HedgeStart Partners LLP, gives a step-by-step guide to devising a successful business plan

Starting a hedge fund? But where exactly do you start? The adage - 'if you don't know where you're going, you won't know when you've got there' - is most certainly true. Planning your new business carefully and diligently will pay back many times over in the months (and years) to come.

As most experts will tell you, there isn't even a clear definition of what a hedge fund is, let alone what its business model should look like. Variables such as strategy, fee rates, leverage and domicile all have some impact on the definition. Others such as investor base, size, culture and long-term objectives will also play a significant factor in determining the optimal business model. If you are launching from within an existing institution, then many of the variables will be dictated...

ISSN: 2151-1845 / CDC10004H

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