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Funds make money on failed investments too. I'd be happy to throw away someone else's money, if I got to keep 20% as a management fee - and a slice of the profi
by nikanj 7y ago
Funds make money on failed investments too. I'd be happy to throw away someone else's money, if I got to keep 20% as a management fee - and a slice of the profits in case one of my lottery tickets is a winner.
- shagbag 7y agoTypically they'd get 2% of assets under management, not 20%.
- zhoujianfu 7y ago2% a year for 10 years..
- gnaritas 7y agoWhich is about 18% of the original investment, not 20, assuming no gains or losses.