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You completely misunderstand how this works. They only make $1 billion if the fund makes $5 billion that year. So they aren't taking anything from the fund.
by Nrsolis 10y ago
You completely misunderstand how this works. They only make $1 billion if the fund makes $5 billion that year.
So they aren't taking anything from the fund. They are investing the money wisely, growing it, and sharing in the gains. It doesn't get more "fair" than that.
- tluyben2 10y agoSharing the gains... If one guy makes $1 billion that is called sharing? I don't misunderstand how it works; I find it obscene, that's all.