Hello,
I'm planning on starting a student-run quantitative investment fund that implements quantitative analysis/data science to develop algorithms. An academic group with the intent of bringing together the skills acquired from CS, Q-FIN, MATH/STAT, and Q-ECON courses. Our primary goal is to teach students unique technical skills and to seek alpha by building algorithms that predict future movements of prices in US Equities/Futures market to outperform the benchmark.
What would be the process of starting an organization, (legal procedures, cost, licensing, etc) ??