neuFund Blog

So you want to be a Hedge Fund Manager?  You can be the equivalent as a Public neuFund Manager by taking your Private neuFund... well - Public. While the legal requirements are being worked out, the terminology may change, as well the current restrictions, but a Private neuFund Portfolio CAN be openly traded within the neuFund Manager System (not yet on the open market). To allow share of your neuFund to be traded by other neuFund Members, these procedures have been outlined...

To go Public

1. Fill out Personal Data and request to become Public Fund Manager. Data must be validated before the Member Type can be changed.
2. You must have at least one Private neuFund (hopefully with a successful trading history).
3. Issue Shares for the neuFund - the number of shares is up to the owner, but the minimum share value must be above 10 cents per share. The Share Value is the Fund Value divided by the number of shares issued. You can only issue shares for a neuFund once. You can later split shares.
4. Create Fee Schedule - the fee schedule is static once you go public. As a Public Fund Manager, you can create any number of Fee Shedules, but any neuFund that you own can only have a single Schedule assigned. Assign the Fee Schedule to the Fund before going public.
5. Offer shares for sale - up to 100% of the shares may be offered for sale, but it is good practice to reserve a percentage in case a later split is needed.
6. Request to go Public -
7. Upon validation, neuFund Type is changed to Public
8. As a Public neuFund Manger, you may create other Private neuFunds. They are treated as separate accounts, and any may later go Public upon following these same procedures.

 

 

 

To Issue More Shares for Sale

1. Offer any amount of non-outstanding shares.
2. Un-purchased offered shares may be retracted at any time.

To Buy Back Shares

Shares may be bought back at any time. There is no required interaction with any Member. An equal percentage is bought back from all Members owning Shares of the neuFund. There must be enough Funds in the neuFund Account to purchase all shares. If less than 100% of all shares are bought back, there must be enough cash left in the neuFund account after the buy-back to process the next Schedule.

To Split Shares

There must be non-outstanding shares in the neuFund Account - otherwise there is no point in splitting the shares. The share split ratio must be less than 100-1. After the split, all Member owned shares will be devalued by the ratio, and the counts will be increased by the same ratio. Negative splits are not allowed.

The reason to split shares is to be able to off more shares for sale than are available from the initial neuFund Share Issue.

 To Change Fee Schedule

Public Funds cannot change their fee schedule. They must first go private by buying back all shares. Once Private, the fee schedule can be changed, and the procedure to again go Public must be followed.

To go Private

1. Buy back all outstanding shares
2. Retract all shares for sale
3. Request to go Private

neuFund Manager may still be operated as a private portfolio management system by any Member. By allowing neuFunds to be traded by Members within the system, neuFund Manager becomes a clearing house for successful neuFunds, and the system becomes an on-line Exchange - without the exorbitant fees usually associated with trading on-line.

Though neuFund Members may view Public Funds, the view is retricted. Transactions are not visible to anyone but the Fund Owner. Other Member Names owning the Fund are visible, but no detail information. The Fee Schedule is visible, but not editable by anyone execpt the Fund owner. For now, all Public Fund Summary information is viewable by all neuFund Members.

 

 

 

 

 

The Fund Symbol Chart has two new display options.  Originally, this chart displayed all Symbols associated with the Fund, with each Symbol displayed as a Line Series by date. Each day represented the last traded value for the Symbol. This enabled you to see how each symbol in the Fund has performed over time and in relation to the other Fund Symbols. Now, in addition to displaying each Symbol's traded value by date, the chart can optionally display the number of shares owned by the Fund over time, as well as the Symbol Value (owned shares x last trade).

These new option add important views to determine how ownership has changed over time by Symbol, and how the Symbol price fluctuations have affected the Fund's value.

  This chart is similar to the Symbol Chart only with fewer display options. The chart is limited to three months time, where the Symbol Chart can display up to five years of Symbol trading history.

 

neuFund Update

New Activity Calendar

 

There are many ways to display Fund activity in neuFund Manger. The primary editors (Fund, Symbol, Member) all have transaction grids that allow you to view details of all transactions, sorted by date, type, etc.

Sometimes, however, you want to get an overview of ALL transaction activity in one view. The new Activity Calendar PlugIn provides this overview.  As a "System PlugIn" it is always available, and shows all transactions for any selected day, week, or month.

Usage

There are two panels in the PlugIn. On the left is a calendar which can be used to select the day, month, year for the detail panel view on the right. The detail panel view can show the month view for the selected date, with a short description of each transaction by day for the month. The Week View shows 7 days of transactions with more detail. The Day View shows a single day's transactions, with each transaction showing the Time, Transaction Type, Amounts, and Notes.

By clicking on a Date in the Month View, the View will "drill down" to the Week View for the Date selected. Likewise, clicking on a Date in the Month View will drill down to the Day View. The Views can also be changed using the Tabs on the Upper Left of the PlugIn.

 

 Benefit

Use the Activity Calendar to view transaction grouping across various time frames, as well as a quick reference to recent trading activity.

It's the beginning of the year, and we're already 1/10^th into the 21^st Century. This seems like a good time for predictions...

It's not easy to make technological predictions more than a few years into the future. Like science fiction, we can only extrapolate from what we have now. What we will have, as far as technology, 10 years from now, well... hasn't been invented yet. I'd like to do some of that inventing, if only theoretically...

 

I've Got the Power!

 

Here's an easy one: Smart phones are getting bigger, faster, and more powerful. Laptops are getting smaller, faster, and increasingly cumbersome. What's stopping them from being the same thing?

It's the power. You might think the difference between smartphones and laptops are the size of the screen and keyboard, but those factors are, for the most part, irrelevant. Screens can be made as small or as large as you wish, as can QWERTY keyboards. Soon, your smartphone will be able to "plug in" any I/O device you can dream up, including speakers, keyboards, microphones, and monitors. Most likely that connection will be wireless.  When this happens, what you consider a phone today, will be more like tiny laptop you carry around with you wherever you go and you'll use whatever I/O devices that are available.

The main obstacle for this device irrelevance is the availability of portable power connections. Smartphones are getting more powerful, but the speed is limited by the processor's power consumption, not the size. That's why you can have 4 GHz processors on your home PC, but not on your smartphone (yet). Laptops support the faster processors, but only because they have bigger batteries.

There will be gradual innovations with battery storage that will their size and increase their energy storage capacity. This innovation will be slow coming. Given existing CPU technology, in order for your phone to be as powerful as your PC, you'll still have to plug in to some power outlet.

In the next few years, however, dynamic power CPUs will start to emerge. These will "sense" the existing power availability, and adjust their consumption/speed accordingly. While at the bistro, you may get 1-2 GHz. In the car, you can plug-in and get 2-3 GHz. At the home or office... zoom-zip-pow! Full power.

At that point there will be no difference in processing speed between your PC, laptop, and smartphone. 

 

Expanding Horizons

 

Wasn't it cool when your phone got a color LCD? Whoopee! Now your contact list could be displayed in 4 colors! That response was similar to what PC users experienced in the 1980's when we transitioned from monochrome monitors though CGA, EGA, VGA, XGA and on, and on, and on...

Today we don't need any more colors. We already have the capability to do photo-realistic displays in higher and higher resolutions. It's the size that matters now. Just as televisions went from 19 inch to 72 inch almost overnight, computer monitors grew in size. You don't want to sit at your desk and work on a spreadsheet with a 72 inch display two feet from your eye-glasses, but multiple monitors in sizes ranging from 15" to 32" are now the norm.  Where will future-tech take this?

There are two paths innovation may take us. One path will lead to dynamically sizable displays. These will allow you to physically expand or reduce the size of the monitor you're looking at. Ultimately, you will be able to reduce the display to the 2x4 inch display you're used to on your current smartphone, then pull at the edges to make the same display as big as your three 32" multi-monitors at your desk. Same monitor, same resolution, the size is up to you. Here again, power availability will be a limiting factor, but resolution scalability is right around the corner.

The other path display resolution may take will make Imax seem passé. How about full horizon visibility? This can only be done if you fake your senses into thinking the horizon and the monitor are the same thing. Yeah, your computer display will be worn on your eye-glasses.

This technology is already available, although currently these glasses are the size of a motorcycle helmet and the resolution isn't as high as your current PC monitor. It will get better. Soon, you will be able to put on a pair of glasses not much different than reading glasses are today, and with the flip of a power switch transform your view into a 360 degree environment of applications, images and videos. Built in speakers and microphones are a given.

Our children's children will think it ridiculous that we ever sat in front of a little monitor to watch TV or movies. Their "heads-up" displays will enable them to walk through their movies in three dimensions.

 

What of the Software?

 

When the device you hookup to your phone/laptop/PC thingy becomes irrelevant, what will the software look like? Let's extrapolate from the ubiquitous MS Office...

In the realm of word processor/spreadsheet/data applications, we're about done with feature creep. Few ever use even half of the functionality built into MS Office. Innovations like the Ribbon and app-sharing are noteworthy, but not Earth-shattering. Furthermore, we've come to expect that our "work" will be available whether we're at Starbucks, the beach, or the office. That's not new.

Once again, software will have to keep pace with the hardware. If the displays are to be dynamic, so will the software need to "sense" what devices are available, and scale just as dynamically.

Can you imagine using MS Word on your 2"x4" smartphone display? You will. Soon, all software interfaces will be able to adjust according to size and display preferences. The available options in those interfaces will be up to you, and will also change based on past use. Software will know where you are, what you're doing, and how you did that task recently. How you interact with the options available to you will be as dynamic as your display.

 

Reality Bites (and chews, and swallows...)

 

Ok, so I've jumped ahead a decade or so. I've taken a few hypothetical steps into the near future. Why not take a walk around the block...

In the past I worked on software for manufacturing. My Xfactory software was fairly well received as a Manufacturing Execution System, and I also did a fair amount of work on what's called HMI Systems (Human Machine Interfaces).

The early versions of this type of software allowed plant operators to see a visual representation of real-world "live" equipment on their computer screens. This started out with simple stuff like a red button if the equipment was "off", and a green button if the equipment was "on". This evolved into a simple 2-dimensional representation of what that equipment actually looked like. A water tank with an open/close valve, kinda looked like a water tank on the computer screen. Animation was added to show the valve actually opening and closing. Today, that tank can be displayed in simulated 3 dimensions, almost photo realistically. Real-world equipment sends data to the computers that tell their current state/status and the monitors display them as they look. That's state of the art. Let's go for that walk.

Remember those glasses you can put on to walk into your children's children's movie in 3-dimensions? You will also be able to walk through a real-world manufacturing plant. You'll be able to fly through lines of robotic arms piecing together a variety of appliances in real-time, and see visually what each arm is making as it makes it. You'll be able to walk through the cooling tower of a nuclear power plant, and sink through the cement floor to view the radioactive uranium rods as they heat up and cool down. You'll also be able to take a lunch-break, and stroll through the coliseum in Rome... you pick the historical date.

You see, in this future, all devices that can communicate, will do so in an ever-increasing web of data. The visual representation of that data will be ever-increasingly realistic. You'll not get all the sensory input as if you were actually there... but close. Think of the walks you'll be able to take then.