Raising seed capital

Rank: Senior Monkey | 74

We are a boutique sell side research firm. We have a track record of eleven years. However, we do not pull the trigger with respect to covering the stocks we propose - our hedge fund clients do. However, we do generate ideas, write research reports telling them when they need to short or cover. Unfortunately, our hedge fund clients are not transparent on when they pull the trigger. So, we have no way to incorporate that in our track record.

We are looking to raise seed capital to start our own short biased hedge funds. We do have our track record. Just curious to know if there is a precedence to this. Meaning, has anyone raised capital to start a hedge fund with this background? Any inputs are truly appreciated.

Best,
Laks