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Registered
Join Date: Jan 2002
Location: Nor California & Pac NW
Posts: 24,828
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Quote:
Originally Posted by KaptKaos
Lots of hedge funds run on a 2% + 20% structure meaning that they get 2% of your investment up front and 20% of the annual returns. If he had a $100M AUM at the start, the initial 2% was $2m which likely went to operational costs, and at the end, the fund would have been close to $1B and his take would have been nearly $200M. Not bad??
Now I don't know what the AUM was, but $100M is a small hedge fund.
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His fund was very small, started w/ just $10MM AUM, ended 2 years later with $80MM, from what I've read.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211
What? Uh . . . “he” and “him”?
Last edited by jyl; 10-20-2008 at 12:29 PM..
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