Can anyone start their own mutual fund?

can anyone start their own mutual fund?

If you mean a mutual fund where the public can invest and not a private 99 person or less fund, then the answer depends on whether or not you have the $50,000 or so it takes to launch it.
At least that was the cost about 10 years ago.

It would costa lot more than $50k; you wou;d need at least 250k in expenses + a few million as seed capital. You would likely need a provider like bisys or state street to run it for you. All you would be (and really only want to be) is the investment adviser.

It is no small undertaking.

Not Legally, you can't, as an individual.

But anyone can start their own Hedge Fund, which is almost the same thing. The difference is how you can advertise and how you have to report to investors. Hedge Funds have less controls.

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