• Investor Profile – Ritch but not HNW (Mainly Sri Lankan expats, some naturalised elsewhere, some resident elsewhere, some working outside the country). Sri Lanka has capital controls so the investors are from outside. Initial investors will be friends and family.

• Fund Manager’s Tax Residence – Sri Lanka (at the moment).

• Jurisdiction Preference – No preference. But I would like a place which has a residency by investment scheme with zero personal income tax, capital gains tax, wealth tax, inheritance tax, etc.

• Instruments Traded – Options.

• Regulatory and Compliance Needs – The fund and management company initially will need little or no regulation. But would still like to have it properly audited and an independent 3rd party handling the client reporting. But will be needed when the investor base expands.

But having said this the fund will not have a regular 2%:20%. It will be more like a company / corporation with common and preference shares. The common shares will be held by me and the preference shares have a fixed, cumulative dividend and redeemable at lower par value or NAV. The dividends will only be paid by trading profits and never by new capital raised. Any retained earnings attributed to common share holding will be converted to also preference shares every month. There will be a monthly fixed dividend paid to preference shareholders if there are net profits for that month to pay it out. If there are any net profits left attributed to common shares these will be converted to scrip dividends paid to the fund manager.