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I presume it’s their income, or assets under management. Pretty sweet deal if so compared to the 2-and-20 a lot of investment managers make.
by nixgeek 8y ago
I presume it’s their income, or assets under management. Pretty sweet deal if so compared to the 2-and-20 a lot of investment managers make.
- scurvy 8y agoAUM
- wrich5011 8y ago2 and 20 is what premier hedge funds make (many charge less nowadays). 1% is a standard financial advisor fee.
- JumpCrisscross 8y ago> 2 and 20 is what premier hedge funds make (many charge less nowadays). 1% is a standard financial advisor fee. Hedge fund managers and financial advisors meet with their LPs/clients from time to time. They don’t “get all of [their] clients’ mail — bills, fan mail, business-related mail, everything” nor “oversee payments for their mortgages, phone, rent, utilities, and all the little things that keep their lives going and the lights on.”
- sincerely 8y agoWhat is "2-and-20" ?