4 ms·
On top of the management fee (which typically is around 2%, they also will take a large percentage of any returns they generate on your behalf (10% - 20%). So
by bern4444 5y ago
On top of the management fee (which typically is around 2%, they also will take a large percentage of any returns they generate on your behalf (10% - 20%).
So if they earn $x of return, you only keep .8 * x.
This is the typical 2 and 20 quote. Sometimes it may be 1.5 and 15 or even 1 and 10 but that's the typical range.