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> If a hedge fund manager earns $1 billion, you can be assured that he grew his customers investments by something like $4 billion. Um, no you can't. A lot of
by estefan 10y ago
> If a hedge fund manager earns $1 billion, you can be assured that he grew his customers investments by something like $4 billion.
Um, no you can't. A lot of hedge funds don't charge performance-related fees. Some of the best performing managers one year go on to be massive losers in another because they're taking so much risk.
- Nrsolis 10y agoPlease cite a hedge fund that doesn't charge performance allocations. And those funds that LOSE money for their investors also don't MAKE money for their fund managers.