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I'd be surprised if he got standard management fees on a fund where the "bulk" of the money comes from one contributor and they tell you how much of who to buy.
by trotsky 16y ago
I'd be surprised if he got standard management fees on a fund where the "bulk" of the money comes from one contributor and they tell you how much of who to buy.
- jonknee 16y agoI'd be happy with almost any percentage of a billion dollars. Annually.
- deleted 16y ago[deleted]
- marcamillion 16y agoExactly....even if it isn't the normal fee...say it's 10% of the normal fee (which I HIGHLY doubt), that still 0.2% of $1B Annually. Which is still $2M annually. He hires 10 people at $100K a piece, and office expenses of about $200K if he wants to be ostentatious. That's about $800K annually. Not bad, not to mention that he gets his 20% of the carry. Keep in mind that we are talking 10% of the 2% standard rate which I am relatively certain he isn't getting. Either way, it's not a bad living.