Setup costs aren't that much to be honest. Some prime brokerage depts at banks will even help you get started, often for an ongoing portion of your fund's manag

Setup costs aren't that much to be honest. Some prime brokerage depts at banks will even help you get started, often for an ongoing portion of your fund's management fee, so there isn't anything to pay at the start. They'll even handle compliance, monitoring and accounting for you. Generally, you can get your fund going for under a 100k GBP in London, providing you have the required regulatory capital (if you're going down the regulated route, that is). Hiring people, office etc etc gets expensive, but a lot of 'funds' we've helped set up are 1 or 2 man bands, working out of a co-working space with colo'd execution infrastructure in Equinix, based out in Slough.