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Nov 17, 2012 - 10:38 AM |
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It has happened |
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Earlier this week we received official confirmation from the FSMA (Belgian version of the SEC) that we have been granted a license for fund management! This was the biggest hurdle for us because everything depends on this, you can have all the investors in the world but if the authorities say no, you can do exactly nothing if you want to stay independent. It took more than ten meetings and as many presentations and our legal counsel must have written books to get it, but we are incredibly relieved that this worked out so smooth! Investors are also coming around, and we managed to convince a representative from a relatively wealthy family of our idea so this will hopefully open some doors.
For the rest, I spent the past week studying for FRM (financial risk management) which was a bitch but taught me a lot, so our strategy is also taking form, so next month we can start with our simulation runs to finetune it, which will make it easier to sell to other investors, hopefully bringing us close enough to critical mass to start in February or March!
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