IraS1@aol.com wrote:
> In a message dated 1/26/2006 2:39:18 P.M. Eastern Standard Time,
> colverd@bivio.com writes:
> Anyone/Everyone,
>
> Sorry for this novice question, but is it
> possible for
> investment clubs to be a mini HedgeFund of sort? 2%
> Admin
> Fee, 10% High Water Mark? in the Partnership
> bylaws?
>
>
> I would be VERY VERY careful here. You could easily be violating state
> and/or federal securities laws.
>  
> Ira Smilovitz

TY for the response. How would I go about checking into
doing it legally? And how did the likes of Warren Buffett
set up his first Partnership legally in the 1960's. Does the
number of Investors matter? etc...