Quote from: FrankPM on February 10, 2017, 10:39:28 AM

Quote from: PolyPanto on February 10, 2017, 09:53:30 AM

Hi, I just want to summarize what I read and please let me know if I understood something wrong.
Blue magic is a financial company which is managing 3 hedge funds, where you are the only fund manager and where you are are 100% shareholder. I was not able to find any information, a company with shares means means you are registered somewhere? If yes, where. Or you are a self employed person, who is earning money by proprietary trading.
In real life to open 3 funds with all legal cover and support are not cheap, so you took model of hedge funds and just decided to implement it to cryproworld?
In your reports, if you are consider yourself as a hedge fund company why not to start use standard ratios to show your results?
Anyways good luck with your idea!

Yeah it's a bit complicated.

The situation is this one: How you say, legal status of this kind of financial companies are not cheap, and for the moment I have 0 interest in wasting resources in useless bureaucratic costs.

Blue magic is not pretended to be a "classic company", but a "financial brand" composed by great autonomous investors/managers that have a common list of human good values. That is transparency, confidence, proximity, honesty, free information, help to the begginers, etc.

I know that the concept seems abstract right now, but when the Iconomi platform will be ready things will be much clearer. Iconomi will be like "the uber" of fund management, where every individual can set up his "hedge fund" without the expensive bureocratics costs of real world nor business licenses. Blue Magic objective will be to expand this "good values movement" over the financial sector and over other sectors in the future. It's a quite ambitious goal but I deeply think that is the way that "companies" shoud proceed in the future.

For the moment I'm the only fund manager in Blue Magic Capital. The three "hedge funds" you see are 100% managed and owned by me. No external capital can enter in the funds until legal status allows me to do so. This is just a way to show and prove my management abilities before Iconomi platform is ready (6-9 months), so when it launches people can already have some historic data about manager FrankPM.

I hope it's much clear now, the concept still has to mature and there are things to modify, but I think you can perfectly understand where Blue Magic is going. Cheesy

I see, do you plan to add more statistics and standard hedge fund ratios/charts to your reports, so it will help to observe and evaluate your performance?